e309 Calculator / HRA exemption calculator / Can I claim full HRA exemption paying ₹60,000 rent in Mumbai?

Can I claim full HRA exemption paying ₹60,000 rent in Mumbai?

Paying ₹60,000 monthly rent in Mumbai, with ₹12,00,000 basic salary and ₹6,00,000 HRA received, the exempt HRA amount is about ₹6,00,000 — ₹0 remains taxable, so not all of it is exempt.

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.

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