HRA Calculator

No, HRA exemption is available only if you're living in rented accommodation and actually paying rent. If you own the house you live in, you cannot claim HRA exemption. However, you can claim home loan interest deduction under Section 24.

You need rent receipts from landlord. If annual rent exceeds ₹1 lakh, you must provide landlord's PAN. Most companies ask for rent agreement as well. Keep these documents ready for employer for tax deduction and for ITR filing.

Yes, you can claim HRA exemption for rent paid and also claim home loan deduction if you own a house in a different city. However, both houses should be in different cities and you must be working in the city where you're paying rent.

For salaried individuals, submit rent receipts and details to your employer. They'll adjust it while deducting TDS from salary. If not claimed during year, you can claim it while filing ITR. Self-employed individuals cannot claim HRA but can claim house rent as business expense.

Metro cities (Mumbai, Delhi, Kolkata, Chennai) allow 50% of basic salary as HRA exemption limit, while non-metro cities allow 40% of basic salary. This is one of the three conditions used to calculate minimum HRA exemption. Choose metro/non-metro based on your workplace location, not residence.

Yes, you can pay rent to parents and claim HRA exemption if you have a genuine rent agreement. Parent must show this as rental income in their ITR. Paying rent to spouse is also allowed but spouse must declare it as income. Ensure all documentation is proper to avoid tax issues.

If HRA is not part of salary, you can claim deduction under Section 80GG (if not living in own house). Maximum deduction is ₹5,000 per month or 25% of total income or rent minus 10% of total income, whichever is lowest. You must file ITR to claim 80GG.

Rent agreement is recommended but not mandatory. However, you must have rent receipts. If annual rent exceeds ₹1 lakh, landlord's PAN is mandatory. Rent agreement helps prove genuineness of rent payment, especially in case of scrutiny or when paying rent to relatives.

Yes, you can claim HRA exemption for hostel, paying guest (PG), or any rented accommodation. Get proper rent receipts from hostel/PG owner. If annual rent exceeds ₹1 lakh, collect landlord's PAN. The exemption calculation remains same as regular rented accommodation.

If accommodation is company-provided, you cannot claim HRA exemption as you're not paying rent. However, if company deducts rent from your salary (license fee), that amount can be used for HRA exemption calculation. The deducted amount is treated as rent paid.

For variable salary (with bonuses/commissions), use actual basic salary of each month for that month's HRA calculation. Alternatively, use average basic salary of the year. Most companies calculate HRA exemption monthly and adjust during last month or annual tax computation based on actual figures.

If you change from metro to non-metro (or vice versa) during the year, calculate HRA exemption separately for each period. Use 50% basic for months in metro city and 40% for non-metro months. Provide separate rent receipts and details for each location to your employer or while filing ITR.