What percentage of basic salary qualifies for HRA in metro cities?

For employees in Delhi, Mumbai, Chennai, and Kolkata (metro cities), up to 50% of basic salary qualifies for HRA exemption. For non-metro cities, the limit is 40%.

Can I claim HRA if I live with parents?

Yes, you can pay rent to your parents and claim HRA exemption, provided rent is actually paid, a rental agreement exists, and the property is owned by the parent.

India HRA House Rent Allowance Exemption Formula Calculator

Calculate India HRA exemption as the minimum of: actual HRA received, 50%/40% of basic salary (metro/non-metro), or rent paid minus 10% of basic salary, reducing taxable income under Section 10(13A).

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Frequently Asked Questions

What percentage of basic salary qualifies for HRA in metro cities?

Can I claim HRA if I live with parents?