HRA Calculator
METRO CITY
NON-METRO
💰 BASIC SALARY
₹
🏠 HRA RECEIVED
₹
🏢 RENT PAID
₹
📊 DEARNESS ALLOWANCE
₹
HRA RECEIVED
₹ 20,000
HRA EXEMPTION
₹ 15,000
TAXABLE HRA
₹ 5,000
ANNUAL SAVING
₹ 18,000
📊 HRA EXEMPTION CALCULATION
| PARTICULARS | AMOUNT |
|---|---|
| Actual HRA Received | ₹ 20,000 |
| Rent Paid – 10% of Basic | ₹ 20,000 |
| 50% of Basic (Metro) / 40% of Basic (Non-Metro) | ₹ 25,000 |
| Least of Above (Exemption) | ₹ 15,000 |
📋 HRA EXEMPTION FORMULA
Least of the following is exempt:
1. Actual HRA Received
2. Rent Paid – 10% of Basic Salary
3. 50% of Basic Salary (Metro Cities) / 40% of Basic Salary (Non-Metro)
1. Actual HRA Received
2. Rent Paid – 10% of Basic Salary
3. 50% of Basic Salary (Metro Cities) / 40% of Basic Salary (Non-Metro)
MONTHLY TAX SAVING
₹ 1,500
at 30% tax slab
YEARLY TAX SAVING
₹ 18,000
at 30% tax slab
