HRA Calculation Example — Step-by-Step
HRA exemption = minimum of 3 values: (1) Actual HRA received = ₹3L, (2) 50%/40% of basic = ₹3L, (3) Rent − 10% basic = ₹2.4L − ₹60K = ₹1.8L. Result: ₹1.8 लाख exempt, ₹1.2 लाख करable.
HRA Exempt (Tax-Free)
₹1,80,000
HRA Taxable
₹1,20,000
HRA exemption = minimum of: (1) HRA received, (2) 50%/40% of basic for metro/non-metro, (3) Rent paid minus 10% of basic. Only applicable under Old Tax Regime.
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