What is HRA exemption under Section 10(13A)?

House Rent Allowance (HRA) is paid by employers to help employees cover rental housing costs. Section 10(13A) of the Income Tax Act allows a part of this allowance to be tax-exempt based on specific conditions.

What are the three criteria for HRA tax exemption?

The tax-exempt HRA is the minimum of: (1) Actual HRA received, (2) Actual rent paid minus 10% of basic salary, or (3) 50% of basic salary (for metro cities) or 40% of basic salary (for non-metro cities).

Can I claim HRA if I live in my own house?

No, you cannot claim HRA exemption if you reside in your own house or if you do not incur any actual expenditure on rent.

HRA Calculator

Calculate HRA tax exemptions under Section 10(13A) of the Income Tax Act. Compare metro vs non-metro exemptions based on basic salary, HRA received, and rent paid.

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