How much HRA can I claim on ₹25,000 rent with a ₹9 lakh basic salary?
Paying ₹25,000 monthly rent in a metro city, with ₹9,00,000 basic salary and ₹3,60,000 HRA received, the exempt HRA amount is about ₹2,10,000 — ₹1,50,000 remains taxable.
What is HRA exemption?
Under Section 10(13A), the HRA exemption is the least of: actual HRA received, rent paid minus 10% of basic salary, or 50% of basic salary (metro) / 40% (non-metro). Only available under the old tax regime.