Income Tax Calculator
Estimate liability under either regime, with slab-by-slab working, surcharge, rebate and cess shown.
Tools & Calculators
HRA Exemption Calculator
The exempt portion of house rent allowance, showing which of the three limits binds.
Rates pending verification
The metro city list and percentages used by this calculator are held in content/tax-rates.json and have not yet been verified by the firm against the current legislation. Treat every result as illustrative only until that review is complete.
Conditions
The exemption is the least of: the actual house rent allowance received; rent paid less 10% of salary; and 50% of salary for a metro city or 40% otherwise. The exemption is available only under the old regime, only where rent is actually paid, and only where the accommodation is not owned by you. Metro for this purpose means Delhi, Mumbai, Kolkata, Chennai. Where annual rent exceeds the prescribed threshold, the landlord's PAN is generally required.
Indicative only
These calculators produce indicative results based only on the figures you enter and the assumptions stated on each page. They are not professional advice and must not be relied on for filing, planning or any other purpose. Tax law changes frequently. Please speak to us about your specific circumstances.
Questions
About this calculator
No. The exemption is one of those withdrawn under the concessional regime. If HRA forms a large part of your package, factor that into the regime comparison.
It is possible in some situations, for example where you rent in the city you work in and own a property elsewhere. It depends entirely on the facts, and it attracts scrutiny. Take advice rather than assuming.
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