Formula & Calculation Methodology
HRA Exemption is the minimum of: 1) Actual HRA received, 2) 50% or 40% of Basic+DA, 3) Rent paid minus 10% of Basic+DA.
Calculate your House Rent Allowance (HRA) tax exemption limit under the Old Tax Regime based on basic salary, rent paid and city type.
HRA Exemption is the minimum of: 1) Actual HRA received, 2) 50% or 40% of Basic+DA, 3) Rent paid minus 10% of Basic+DA.
No, HRA exemption is only available under the Old Tax Regime in India.