HRA Exemption Calculator
Calculate your HRA exemption and taxable HRA under the old tax regime. Free HRA calculator for salaried employees. Tax planning by Consulting Cart, Mumbai.
About the HRA Calculator
If you live in rented accommodation and receive HRA, you can claim a tax exemption under the old regime. Our HRA calculator computes your exempt and taxable HRA as the least of three prescribed amounts.
Mumbai counts as a metro, so you get the higher 50% benefit. Consulting Cart ensures you claim every rupee you're entitled to while filing.
How to use this calculator
- Enter your monthly Basic + DA, HRA received and rent paid.
- Select metro (Mumbai) or non-metro.
- See your exempt HRA, taxable HRA and the three components.
Formula used
1) Actual HRA received
2) Rent paid − 10% of (Basic+DA)
3) 50% of (Basic+DA) for metro [Mumbai], else 40%
HRA Calculator — FAQs
It's the least of: actual HRA received, rent minus 10% of Basic+DA, and 50% (metro) or 40% (non-metro) of Basic+DA. The calculator computes all three.
Yes — Mumbai, Delhi, Kolkata and Chennai are metros, qualifying you for the higher 50% of Basic+DA limit.
No, the HRA exemption is available only under the old regime. Our income tax calculator helps you compare which regime is better overall.
From numbers to a real plan.
You've seen the math. Now let a Consulting Cart expert in Mumbai help you act on it — free consultation.