Tax calculator
HRA Calculator
If you receive House Rent Allowance and pay rent, part of your HRA can be exempt from tax under the old tax regime. The exemption is the lowest of three amounts.
Your details
Annual HRA exemption
₹1,56,000
Monthly HRA exemption
₹13,000
Taxable HRA (annual)
₹84,000
The exemption is the lowest of the three amounts: here, “Rent paid − 10% of salary”.
Annual rent above ₹1 lakh requires the landlord’s PAN to be given to your employer.
The three conditions (annual)
Calculation breakdown (annual)
| Item | Amount |
|---|---|
| Salary (Basic + DA) | ₹6,00,000 |
| 1. Actual HRA received | ₹2,40,000 |
| 2. Rent paid − 10% of salary ← lowest | ₹1,56,000 |
| 3. 40% of salary | ₹2,40,000 |
| Exempt HRA | ₹1,56,000 |
| Taxable HRA | ₹84,000 |
Formula used
- Exemption = lowest of:
- 1. Actual HRA received
- 2. Rent paid − 10% of (Basic + DA)
- 3. 50% of (Basic + DA) in metro cities, 40% elsewhere
Assumptions
- From 1 April 2026 (Income-tax Rules, 2026), the 50% limit applies in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. Lucknow uses the 40% limit.
- HRA exemption is not available under the new tax regime.
- Only DA forming part of retirement benefits counts as salary here.
Scheme rates and rules as on: October–December 2026 quarter. You can change rates in the calculator.
Disclaimer
This calculator provides illustrative estimates only, based on the inputs and assumptions you enter. Results are not guaranteed, do not reflect the performance of any specific product, and do not consider taxes, charges or inflation unless stated. They are not investment advice. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.
Would you like to discuss your result? Message us on WhatsApp or book a consultation.
Related calculators
- SIP CalculatorEstimate how a monthly SIP could grow over time.
- Goal SIP CalculatorFind the monthly SIP needed to reach a target amount.
- Mutual Fund CalculatorProject lumpsum or SIP investments in mutual funds.
Let's talk
Ready to plan your next financial step?
Book a no-obligation conversation with Roopesh Agarwal at our Gomti Nagar office, over a call or on WhatsApp.