HRA Tax Exemption Calculator
After the implementation of 7th CPC Allowances, the amount of increase in HRA however leads to exemption of HRA partially from tax net. HRA Exemption Calculator is provided here to calculate the amount of HRA to be Exempted from Tax Net and Taxable amount of HRA
HRA is declared as Tax Free income subject to the following conditions. The Income Tax Department has laid down the following conditions to calculate the amount of HRA to be exempted. [ See the conditions]
How to calculate the amount of HRA to be exempted from Income Tax. Enter the Basic Pay details and amount of Rent paid in the relevant field and the result page will show you the details of amount of HRA to be Exempted and taxable HRA. Click to Calculate the HRA Exemption from Income Tax