Loading…
Loading…
HRAPlan
Enter your basic salary, HRA received, and rent paid — see exactly how much HRA is exempt and how much is taxable.
HRA exemption is the minimum of three amounts: (1) actual HRA received, (2) 50% of basic salary for metro cities or 40% for non-metro, and (3) actual rent paid minus 10% of basic salary. The lowest of the three is your tax-free portion.
HRA exemption is only available if you opt for the old tax regime — the new regime (default from FY 2023-24) doesn't allow HRA exemption, so the benefit only matters if your total old-regime deductions make it worth choosing that regime.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenWhat you entered
Actual HRA received (annual)
$300,000.00= $300,000.0050% of basic salary (metro)
$600,000.00 × 50%= $300,000.00Rent paid − 10% of basic salary
$240,000.00 − $600,000.00 × 10%= $180,000.00HRA exemption (minimum of the three)
min($300,000.00, $300,000.00, $180,000.00)= $180,000.00Taxable HRA
$300,000.00 − $180,000.00= $120,000.00Result
HRA exemption: $180,000
Of the $300,000 HRA received, $180,000 is exempt from tax and $120,000 is taxable.