HRA Exemption Calculator
Find out how much of your House Rent Allowance is tax-exempt and how much tax you save, based on your salary, HRA and rent paid.
Salary & rent
HRA exemption (yearly)
₹1,56,000
Saves you about ₹31,200 in tax
- Actual HRA received
- ₹2,40,000
- Rent − 10% of basic
- ₹1,56,000
- 50% of basic
- ₹3,00,000
- Exempt (lowest of three)
- ₹1,56,000
- Taxable HRA
- ₹84,000
HRA exemption (Section 10(13A)) is the lowest of these three amounts. Only available in the OLD tax regime, and only if you actually pay rent. Keep rent receipts; landlord PAN is needed if rent exceeds ₹1L a year.
Frequently Asked Questions
How is HRA exemption calculated?
The exempt amount is the lowest of: the actual HRA received; rent paid minus 10% of basic salary; and 50% of basic salary for metro cities or 40% for other cities.
Is HRA exemption available under the new tax regime?
No. HRA exemption under Section 10(13A) can be claimed only under the old tax regime.
Are the TerraNexxus calculators free to use?
Yes — every calculator and tool on TerraNexxus is completely free to use, with no sign-up or login required.
How accurate are these property and loan calculators?
They use standard, widely-accepted formulas to give a close estimate. For exact figures (loan eligibility, EMI, stamp duty, tax), always confirm with your bank, lender or a qualified financial advisor.
Do the calculators work on mobile?
Yes, all tools are fully responsive and work smoothly on mobile, tablet and desktop browsers.
Is the data I enter stored or shared?
No. Calculations run entirely in your browser — TerraNexxus does not store, track or share the values you enter.