Calculate your statutory House Rent Allowance (HRA) tax exemption and taxable salary component under Section 10(13A) of the Income Tax Act read with Rule 2A.
Exemption is the lowest of: (1) Actual HRA received; (2) Rent paid minus 10% of salary; (3) 50% of salary for metro cities (Mumbai, Delhi, Kolkata, Chennai) or 40% for non-metro cities.
Basic = ₹6,00,000/yr, HRA = ₹2,40,000/yr, Rent = ₹18,000/mo (₹2,16,000/yr). Rent - 10% Basic = ₹1,56,000. 50% Metro Basic = ₹3,00,000. Exempt HRA = ₹1,56,000. Taxable HRA = ₹84,000.
Governing Law: Income Tax Act, 1961 Section 10(13A) & Rule 2A.
Reviewed by: FilingBy CA Tax Advisory Desk. Last updated: August 2026.