How much House Rent Allowance is exempt from taxes?

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Kavya

• April 03, 2020 11:25

I receive HRA as part of my salary, how much of it is exempt from income income tax?

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  Quicko Help

  • April 04, 2020 09:08

  Hi Kavya,

  The lowest of the following is exempt House Rent Allowance from Income Tax:

  • Actual HRA received from an employer
  • 50% (for Metro) or 40% (for Non-Metro) of Basic Salary
  • Annual Rent Paid – 10% of Basic Salary

  You can use HRA Calculator to do the calculation for you :)

   

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