Calculate HRA tax exemption under Section 10(13A) of Indian Income Tax Act.
HRA Exemption = Minimum of: 1. Actual HRA received 2. Rent Paid − 10% of (Basic + DA) 3. 50% of (Basic + DA) for Metro; 40% for Non-Metro
HRA Tax Rules
HRA exemption reduces your taxable income if you're a salaried employee paying rent. The exempt amount is the lowest of three conditions as shown in the formula above.