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Calculate your HRA exemption amount. Free House Rent Allowance calculator for Indian taxpayers under the Old Tax Regime.
Compare Old vs New tax regimes for FY 2025-26
Include salary, interest, and other sources
Applies only to Old Tax Regime
Smart Recommendation
You will save ₹1,32,600 in taxes annually.
Total Tax Payable
₹93,600
Effective Rate
6.24%
Standard Ded.
₹1,00,000
Total Tax Payable
₹2,26,200
Effective Rate
15.08%
Exemptions
₹2,00,000
Under the New Tax Regime for FY 2025-26, salaried individuals with taxable income up to ₹12,00,000 pay zero income tax due to tax rebates.
The standard deduction for salaried individuals and pensioners has been increased to ₹1,00,000 in the New Tax Regime (Budget 2025).
The New Tax Regime remains the default choice. If you wish to claim deductions like 80C or 24(b), you must explicitly opt for the Old Regime.
House Rent Allowance (HRA) is a salary component for rental expenses. Under Section 10(13A), partially tax-exempt based on rent, salary, and city. Saves ₹50K-₹1L in taxes annually.
Use our HRA Calculator to get accurate results instantly. You may also want to explore our Income Tax Calculator or Salary Calculator.
The calculator computes the minimum of three values: actual HRA received, excess rent paid over 10% of salary, and 50%/40% of basic salary for metro/non-metro cities.
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Input your hra calculator parameters including principal amount, interest rate, and tenure.
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Use the sliders or numeric inputs to fine-tune your values for accurate results.
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Your results update in real-time showing EMI, total interest, and total payment.
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Check the amortization schedule, charts, and download the PDF report for your records.
Basic salary for HRA calculation includes Basic Pay, DA, and commission based on fixed percentage of turnover.
1Actual HRA: ₹25,000
2Rent - 10% Basic: ₹20,000 - ₹5,000 = ₹15,000
350% Basic: ₹25,000
4Exemption (minimum): ₹15,000
5Taxable HRA: ₹10,000
HRA Exemption: ₹15,000/month
Our HRA Calculator uses the standard formula adopted by all major Indian banks and financial institutions. The calculation engine processes your inputs in real-time with 99.9% accuracy. All formulas are verified against official bank calculation methods and regulatory guidelines.
Last reviewed: 2026-06-12. We update our calculations whenever regulatory changes occur (tax slabs, interest rates, TDS rules, etc.).
Find answers to common questions about this calculator below.
HRA exemption is the minimum of: (a) Actual HRA received, (b) Rent paid minus 10% of basic salary, (c) 50% of basic salary for metro cities (40% for non-metros). HRA is available only under the Old Tax Regime.
You cannot claim HRA if you live in your own house. If you live with parents, you can pay rent to them and claim HRA, provided your parents declare this rental income in their tax return.
Least of: actual HRA, rent - 10% basic, 50% basic (metro) or 40% (non-metro).
Yes, if rent in one city and own in another. Not if living in own house.
Rent receipts, agreement, landlord PAN (if rent >₹1L), bank statements, Form 12BB.
Yes, with formal agreement and genuine bank transfers. Parents declare rental income.
No. Default from FY 2023-24, no HRA or standard deduction.