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HRA Exemption Calculator · Statutory Assessment Slip
✓ Section 10(13A) & Rule 2A
https://agworld.co.in/hra-calculator/
HRA Exemption Calculator
Calculate your tax-exempt House Rent Allowance (HRA) under Rule 2A. Compares the 3 statutory conditions with Landlord PAN and rental TDS warnings.
✓ Rule 2A Compliant
👤 No Registration
⚡ Instant Exemption
🛡️ 100% Private
Important Regime Rule: HRA tax exemption is strictly claimable under the Old Tax Regime. Under the New Tax Regime (Section 115BAC), 100% of HRA received is treated as taxable salary income.
Salary & Rent Parameters
₹50,000
₹
Fifty Thousand Rupees
₹25,000
₹
Twenty-Five Thousand Rupees
₹20,000
₹
Twenty Thousand Rupees
HRA Exemption Summary
Tax-Exempt HRA (Annual)
₹1,80,000
₹15,000 / month
Taxable HRA (Annual)
₹1,20,000
₹10,000 / month
Exemption Ratio: 60.0% Exempt
40.0% Taxable
Estimated Tax Saved (Old Tax Regime)
At 20% Slab:
₹37,440
At 30% Slab:
₹56,160
Rule 2A Three Conditions Evaluation
| Statutory Condition | Formula / Basis | Amount (Annual) |
|---|
Landlord PAN Required:
Since annual rent paid exceeds ₹1,00,000, landlord PAN submission is mandatory.
Key Insights
- Statutory Rule Lowest of 3 Conditions
- Metro vs Non-Metro 50% vs 40% of Basic+DA
- Landlord PAN Mandate Above ₹1,00,000/year
- Sec 194-IB TDS Above ₹50,000/month
Rule 2A Metros
- New Delhi / NCR 50% Metro Rate
- Mumbai 50% Metro Rate
- Kolkata 50% Metro Rate
- Chennai 50% Metro Rate
- Bengaluru, Hyderabad, Pune 40% Non-Metro Rate
Frequently Asked Questions
Can I claim HRA if I pay rent to my parents?
Yes, you can legally claim HRA exemption by paying rent to your parents, provided your parents own the property and you make bona fide bank transfers. Your parents must declare this rental income in their personal Income Tax Returns. You cannot claim HRA by paying rent to your spouse.
Can I claim both HRA exemption and Home Loan tax deduction?
Yes. If you own a house in one city (or too far from your workplace) but reside in a rented accommodation in another city for employment, you can claim both HRA exemption under Section 10(13A) and Home Loan interest deduction under Section 24(b) plus principal repayment under Section 80C.
What documents are needed to claim HRA?
You need monthly rent receipts with revenue stamps (for cash payments), a formal registered or notarized rent agreement, and landlord PAN if the annual rent exceeds ₹1,00,000.