Calculate HRA Exemption Under Section 10(13A) with Detailed Breakdown
HRA Calculator
HRA Exemption Amount: ₹
Detailed Calculations:
- HRA Received: ₹
- Rent Paid minus 10% of Basic Salary: ₹
- 50% (or 40%) of Basic Salary: ₹
Provisions of Section 10(13A) for HRA Exemption
Section 10(13A) of the Income-tax Act, 1961 provides tax exemption on House Rent Allowance (HRA) received by salaried employees. The amount of HRA that can be claimed as an exemption is the least of the following:
- Actual HRA received from the employer.
- Rent paid minus 10% of salary.
- 50% of basic salary for employees residing in metro cities (Delhi, Mumbai, Kolkata, or Chennai), or 40% of basic salary for non-metro residents.
Note: Salary here refers to the sum of basic salary, dearness allowance (if part of retirement benefits), and commission based on a fixed percentage of turnover achieved by the employee.
To claim this exemption, the employee must provide proof of rent payment, such as rent receipts or rental agreements.
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Disclaimer:
This calculator and the information provided in this article are intended for educational purposes only and should not be construed as professional advice. While every effort has been made to ensure the accuracy of the calculations and information, it is essential to verify the correctness and consult with a qualified professional before making any financial or tax-related decisions. The author and website assume no responsibility for any errors or omissions or for any actions taken based on the content of this article.
