HRA Calculator
Calculate your House Rent Allowance
Frequently Asked Questions (FAQs)
1. What is HRA?
House Rent Allowance (HRA) is an allowance given by an employer to an employee for renting accommodation.
2. How is HRA calculated?
HRA is calculated based on your basic salary, the rent you pay, and the city you live in.
3. Can I claim HRA without paying rent?
No, you can only claim HRA if you are actually paying rent for your accommodation.
4. What documents are required to claim HRA?
Rent receipts and a rental agreement are required to claim HRA.
5. Is HRA fully taxable?
No, HRA is partially taxable depending on various factors like rent paid, salary, and city of residence.
6. Can I claim HRA for rented accommodation owned by my relatives?
Yes, but you need to provide the necessary documentation and proofs.
7. Can I claim HRA for a furnished apartment?
Yes, you can claim HRA for both furnished and unfurnished apartments.
8. What is the limit for HRA exemption?
The limit for HRA exemption depends on factors like basic salary, rent paid, and the city of residence.
9. Can HRA exemption be claimed if staying in own house?
No, HRA cannot be claimed if you are living in your own house.
10. How can I calculate HRA online?
You can use an online HRA calculator like the one above to determine your HRA exemptions.