HRA Exemption Calculator 2025
Calculate HRA tax exemption under New Labour Code 2025. Compare old vs new salary structure impact.
Your total annual salary package
HRA component in your salary
Actual rent paid per month
Metro city (50% of basic)
HRA Exemption is minimum of:
Annual Taxable HRA: ₹1,20,000
Monthly Exempt HRA
₹20,000
Annual: ₹2,40,000
HRA Breakdown
HRA exemption is available only if you live in rented accommodation
Keep rent receipts and landlord details for tax filing
Landlord PAN required if annual rent exceeds ₹1 lakh
New labour code may reduce HRA benefit due to higher basic pay
What is HRA?
House Rent Allowance (HRA) is a component of your salary provided by employers to meet rental accommodation expenses. A portion of HRA is exempt from income tax under Section 10(13A) of the Income Tax Act.
Who can claim HRA exemption?
- Salaried individuals receiving HRA as part of salary
- Living in rented accommodation (not own house)
- Paying rent to landlord (must have rent agreement)
- Cannot claim if living in own house or rent-free accommodation
Disclaimer: This HRA exemption calculator provides estimates based on information you provide and current income tax laws. Actual HRA exemption may vary based on your complete financial situation, employer policies, and tax regime selection. The New Labour Code 2025 compliance is based on the 50% basic salary rule effective November 21, 2025. Please consult a Chartered Accountant or tax professional for personalized advice. FincalFY is not liable for any decisions made based on these calculations.
Last Updated: December 2024 | Based on: Income Tax Act 1961, New Labour Code 2025