HRA Exemption for Rs 40,000 Basic and Rs 20,000 Rent in a Metro
See your HRA exemption with a Rs 40,000 monthly basic salary and Rs 20,000 monthly rent in a metro city.
With a monthly basic salary of ₹40,000, HRA of ₹20,000, and rent of ₹20,000 in a metro city, your annual HRA exemption is ₹1,92,000, determined by the rent paid minus 10% of basic plus DA limit. The remaining ₹48,000 of HRA received is taxable.
- Monthly basic salary
- ₹40,000
- Monthly HRA received
- ₹20,000
- Monthly rent paid
- ₹20,000
- City type
- metro
Annual HRA exemption
50% limit (metro)₹1.92 Lakh
₹1,92,000
out of ₹2,40,000 received
HRA received (annual)
₹2.4 Lakhs
₹2,40,000
Rent paid (annual)
₹2.4 Lakhs
₹2,40,000
Taxable HRA
₹48,
Basic + DA (annual)
₹4.8 Lakhs
₹4,80,000
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HRA exemption under Section 10(13A) is the minimum of: actual HRA received, 50% of basic plus DA for metro cities (40% for non-metro), and rent paid minus 10% of basic plus DA. This exemption is available only under the old tax regime.