HRA Calculator

Let's get started

Stay up to date with Income Tax rates,
due dates and notifications.

Let's Calculate Exempt HRA

HRA Received

NaN% of Basic Salary

Excess of Rent paid over 10% of salary

Note : The least of the above three is exempt from HRA

Total Exempt HRA

Taxable HRA

Learn More

Need help with your tax return?

No more paperwork. No more visits to CA.

Rs. 499

Salary Plan

4.9 (4876)
ITR-1SalaryForm-16

Most suitable for Salaried individual having Form-16 from Employer. Also covers income from house/property & other sources.

Rs. 999

House/Property Plan

4.8 (2342)
ITR-2RentHome Loan

Most suitable for individuals/huf who own residential or commercial house/ property. Covers all Chapter-VI(A) deductions.

Rs. 1499

Capital Gains Plan

4.5 (478)
ITR-2Capital Gains

Most suitable for individuals/huf who have sold capital assets such as land, property or shares.

Rs. 2499

NRI Plan

4.8 (680)
ITR-2NRIForeign Income

Most suitable for Non Resident Individuals or Resident Individuals having foreign income. Covers benefits under DTAA.

Rs. 2499

Properitor/Professional Plan

4.7 (1768)
ITR-4Presumptive Tax

Most suitable for Properitors/Professionals eligible for Presumpive Tax scheme u/s 44AD & 44AE.

Rs. 4999

Business Plan

4.4 (168)
ITR-3P&LBalance Sheet

Most suitable for Properitors/Professionals maintaining Books of Accounts. Covers preparation of financial statements, P&L and Balance sheet.

Rs. 4999

Trader Plan

4.4 (168)
ITR-3F&OIntraday

Most suitable for Traders having traded Futures & Option or Intraday. Covers preparation of financial statements, P&L and Balance sheet.

FAQ

Can I claim deduction on rent u/s 80GG if I receive HRA?

If you receive HRA from your employer as part of your gross salary, then you can not claim deduction on rent paid u/s 80GG. From AY 2017-18 deduction on rent has been increased from Rs. 2000 per month to Rs. 5000 per month.

Can I claim HRA exemption for rent paid to parents?

Yes, if you pay rent to your parents for accomodation then you can claim HRA exemption. It's always good to have supporting documents like rent receipts, rental agreement as proof.

Can I claim HRA exemption If I forgot to submit rent receipts?

Yes, you can claim HRA exemption by lowering your taxable income at the time of filing your return. However you must calculate exempt HRA using calculator and subtract the same from your taxable income.

Can I claim HRA exemption and benefits on home loan?

Yes, if you pay rent for your accomodation and have taken out home loan, you can claim exemption on HRA and get benefits of principal repayment u/s 80C and home loan interest u/s 24.

How can I claim HRA exemption?

As an employee you must submit Form-12BB investment declaration to your Employer to claim exemption on HRA. You must also submit rent receipts signed by your landlord as supporting document.

Can I claim HRA exemption and benefits on home loan?

Yes, if you pay rent for your accomodation and have taken out home loan, you can claim exemption on HRA and get benefits of principal repayment u/s 80C and home loan interest u/s 24.