HRA Calculator – Calculate Your House Rent Allowance Exemption
HRA Calculator
Calculate your House Rent Allowance exemption
How Pluxee’s Salary Hike Calculator Helps You:
Pluxee’s Salary Hike Calculator is designed to simplify salary planning for both employees and HR teams.
The calculator helps you:
- Instantly calculate new salary after hike using simple, accurate formulas
- Understand increment amount, percentage change, and updated CTC in seconds
- Compare multiple salary hike scenarios like 10%, 20%, 30%, 40%
- Evaluate take-home pay impact for better financial planning
- Make informed decisions during appraisals and job change negotiations
- Understand how deductions (PF, tax, bonus structure) impact net salary
Why HR Teams Love Pluxee’s Salary Hike Calculator:
- Helps plan salary revisions & budgeting with accurate calculations
- Promotes transparency and trust in compensation discussions
- Makes communication with employees simple & clear
- Works for all CTC structures and deduction models
How is HRA exemption calculated?
HRA exemption is calculated as the minimum of the following three values:
Actual HRA received from your employer
Rent paid minus 10% of salary (Basic + DA)
50% of salary (for metro cities) or 40% of salary (for non-metro cities)
The lowest of these is considered your HRA exemption, and the remaining amount is taxable.
What are metro cities for HRA calculation?
For HRA purposes, the following cities are considered metro:
- Delhi
- Mumbai
- Kolkata
- Chennai
If you live in any of these cities, you can claim up to 50% of salary as part of HRA exemption. For other cities, the limit is 40%.
What if you do not receive HRA?
If you do not receive HRA from your employer, you can still claim a deduction under Section 80GG of the Income Tax Act.
Maximum deduction: ₹60,000 per year
Subject to eligibility conditions
This is useful for self-employed individuals or salaried employees without HRA.
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FAQs on HRA
How is HRA exemption calculated?
HRA exemption is calculated as the lowest of the following three amounts:
- Actual HRA received from your employer
- Rent paid minus 10% of your salary
- 50% of basic salary (metro cities) or 40% (non-metro cities)
Any remaining HRA is added to your taxable income. You can use an HRA calculator to simplify this calculation.
What is considered salary for HRA calculation?
For HRA purposes, salary typically includes:
- Basic salary
- Dearness allowance (if part of retirement benefits)
- Commission (if applicable as a fixed percentage of turnover)
Can I claim HRA if I live with my parents?
Yes, you can claim HRA if:
- You pay rent to your parents
- Your parents own the house
- Your parents declare the rent as income in their tax returns
Can I claim HRA and home loan benefits together?
Yes, you can claim both if:
- You live in a rented house
- You are paying EMIs on a home loan for another property
This is common when your owned house is in a different city or under construction.
What happens if I don’t receive HRA from my employer?
If you don’t receive HRA, you may still claim a deduction under Section 80GG, subject to conditions like:
- You are paying rent
- You do not own a house in your city of work
- Your rent exceeds 10% of total income
Can both spouses claim HRA?
Yes, both spouses can claim HRA separately if:
- Both are salaried and receive HRA
- Both contribute to rent payments
What if I forgot to submit rent receipts to my employer?
You can still claim HRA while filing your Income Tax Return (ITR).
Adjust your taxable income and claim a refund if excess tax was deducted.
Is landlord PAN mandatory for HRA exemption?
Yes, if your annual rent exceeds ₹1 lakh, you must provide your landlord’s PAN to claim HRA exemption.
Can I claim HRA if I pay rent to family members?
Yes, you can pay rent to family members and claim HRA, provided:
- The property is owned by them
- You are not a co-owner
Can I claim HRA if I live in my own house?
No, HRA exemption is not allowed if you live in a house you own.
Can I claim HRA if my house is under construction?
Yes, you can claim HRA if:
- You are living in rented accommodation
- Your owned house is still under construction
How does city type affect HRA exemption?
City classification impacts exemption:
- Metro cities (Mumbai, Delhi, Chennai, Kolkata): 50% of salary
- Non-metro cities: 40% of salary
Can I claim HRA without rent receipts?
- For small amounts, receipts may not always be required
- For higher rents, rent receipts are generally mandatory
- PAN is required if rent exceeds ₹1 lakh annually