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Calculate your tax-exempt HRA amount under Section 10(13A) of the Income Tax Act.
Tax-exempt amount under Section 10(13A) of Income Tax Act
Calculations follow official federal and central bank guidelines (IRS, RBI), statutory tax provisions, and standardized actuarial compounding.
Why our math is exact vs other portals →The HRA Calculator (House Rent Allowance) is built to eliminate financial ambiguity by applying exact Indian financial mathematics rather than generic, oversimplified online estimates.
Whether evaluating interest liability on bank credit, calculating compounding acceleration on systematic investments, or forecasting net post-tax maturity values, accurate forecasting ensures you never misjudge your cash flow or long-term corpus.
The minimum of the 3 statutory conditions is 100% exempt from income tax.
Generic percentage deduction without EPS ceiling split
Statutory 12% employee PF with employer split (3.67% EPF + 8.33% EPS capped at ₹15,000 wage ceiling) + exact HRA exemption limits.
In India, retail lending follows RBI guidelines on reducing balance compounding and External Benchmark Linked Lending Rates (EBLR/RLLR). Fixed deposits follow RBI quarterly compounding mandates, while mutual fund equity investments adhere to SEBI NAV timing and post-Budget 2024 capital gains tax provisions (12.5% LTCG over ₹1.25L).
Basic: ₹6 Lakhs, HRA Received: ₹2.5 Lakhs, Rent Paid: ₹3 Lakhs in Delhi.
Condition 1: ₹2.5L, Condition 2 (50% Basic): ₹3L, Condition 3 (Rent - 10% Basic): ₹2.4L. Exempt HRA is ₹2,40,000.
New Regime includes ₹75,000 standard deduction for salaried employees and Section 87A full tax rebate up to ₹7,00,000.
| Income Bracket | New Tax Regime Rate | Old Tax Regime Rate | Deductions Permitted? |
|---|---|---|---|
| ₹0 to ₹3,00,000 | Nil | Nil | Tax Free |
| ₹3,00,001 to ₹5,00,000 | 5% | 5% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹5,00,001 to ₹6,00,000 | 5% | 20% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹6,00,001 to ₹7,00,000 | 10% | 20% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹7,00,001 to ₹9,00,000 | 10% | 20% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹9,00,001 to ₹10,00,000 | 15% | 20% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹10,00,001 to ₹12,00,000 | 15% | 30% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| ₹12,00,001 to ₹15,00,000 | 20% | 30% | Old: 80C, 80D, HRA | New: Std ₹75k only |
| Above ₹15,00,000 | 30% | 30% | Old: 80C, 80D, HRA | New: Std ₹75k only |
No, HRA tax exemption is available only under the Old Tax Regime. The New Tax Regime does not allow Section 10(13A) deductions.
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Deepen your financial planning across interconnected tools. Every calculator within this cluster shares statutory logic and standardized Indian financial formulas.