Find how much of your House Rent Allowance is tax-exempt under the old regime.
It is the least of: actual HRA received, rent paid minus 10% of basic salary, and 50% of basic (metro) or 40% (non-metro). This tool computes all three and takes the lowest.
No — HRA exemption is available only under the old tax regime. Compare regimes with our Income Tax Calculator.
For HRA, metros are Delhi, Mumbai, Kolkata and Chennai (50% of basic); all other cities use 40%.
Disclaimer: This calculator is for general guidance only and does not constitute professional advice.