What is a HRA Exemption Calculator?
Exempt = min(actual HRA, 50% or 40% of basic, rent − 10% of basic).
How is it calculated?
Enter basic, HRA received, annual rent paid and 1 for metro / 0 for non-metro.
Formula used
min(HRA, % of basic, rent − 10% basic)
Worked example
Results are estimates. Use your payroll and a tax advisor for filing.
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Frequently asked questions
Are results guaranteed?
No. These are planning estimates based on the numbers you enter.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.