HRA Calculator

House Rent Allowance (HRA) is an allowance which is given to a salaried person for meeting the expenses related to the rent. Any salaried person living in a rented house can claim House Rent Allowance (HRA) exemption u/s 10(13A) of Income Tax Act from his total income. In this way, he can reduce his income tax liability.

Calculation of HRA Exemption u/s 10(13A) of Income Tax Act

The minimum of the following three amounts is exempted

  1. 40% of salary (i.e. Basic + DA) in case of non-metro or 50% of salary (i.e. Basic + DA) in case of metro
  2. Actual HRA received from the employer
  3. Actual rent paid reduced by 10% of the salary (i.e. Basic + Dearness Allowance (DA))

You can use following HRA Calculator to calculate the amount of HRA Exemption Amount in an easy manner.

Note : The values entered in the calculator should be "Annual"

You need to enter following 4 amounts for this purpose

  1. Basic Pay
  2. Dearness Allowance
  3. HRA received
  4. Rent Paid

The point to be noted here is that the HRA exemption is allowed to an employee who lives in a rented property, even if he owns a house property in the same city. It is also allowed even if rent is being paid to any family member.

Calculate HRA

Do you live in New Delhi, Mumbai, Kolkata or Chennai?
Yes
No
Calculation
(The least of the above three is exempt from HRA)
Result
 

Upcoming Bank Holidays

2019 April 19 is a bank holiday in Andaman And Nicobar Island due to Good Friday.
2019 April 21 is a bank holiday in Tripura due to Garia Puja.
2019 April 27 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 May 01 is a bank holiday in Andhra Pradesh due to May Day / Labour Day.
2019 May 01 is a bank holiday in Maharashtra due to Maharashtra Din.
2019 May 07 is a bank holiday in West Bengal due to Rabindranath Tagore Jayanti.

Financial Calculators

Loan Services

Highest FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

Senior Citizen FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

Bank Interest Rates