Explanation

Let's talk about HRA – the salary master that takes care of your stay! 🏡 HRA, or House Rent Allowance, is like that extra salary slice given by your boss to cover your sweet abode needs.

Now, to calculate the HRA deduction you need to consider 4 things: 💸

• Your Salary
• HRA received
• Actual rent paid
• City you call home sweet home

The final HRA value follows these cool rules: Max HRA claimable is the smallest of:

• HRA from your boss
• Actual rent paid - 10% of (Basic + DA)
• 50% of (Basic + DA) in metro cities / 40% if you're in a non-metro gem

Metro cities include Mumbai, Delhi, Chennai, and Kolkata! So, let's keep it simple and get that HRA groove on! 🌆🏠💰

How Our Calculator Can Help You?

a) Calculate HRA exemption that you can get
b) Understand HRA exemption limit & negotiate salary package accordingly
c) Know the impact of HRA on your income tax liability
d) Understand the HRA eligibility, documentation, and tax rules.