House Rent Allowance (HRA) is a significant component of a salaried employee's income. It is provided by organizations or companies to help their employees cover house rent or related expenses. This means that even if you own your home, you are still entitled to receive HRA. If you want to know how much HRA you are receiving, an HRA Calculator can assist you. With this tool, you can easily determine the exact HRA amount included in your salary. The HRA amount is determined by several factors, including the employee's salary structure, actual salary, and the city of residence. If you are a salaried employee living in a rented home, you can use our HRA calculator to determine your tax liability.
Almost all organizations in India offer House Rent Allowance (HRA) to those living in rented homes. An HRA calculator can help you determine the allowance amount you are eligible to receive. Following the recommendations of the 7th Pay Commission, the HRA slabs across India have been significantly revised. Cities are now categorized into three distinct slabs.
Jagran's HRA Exemption Calculator helps you determine the amount you will receive as HRA based on three key factors: your salary, the rent you pay, and the city you live in. Additionally, you can save on taxes through HRA, but accurate calculation is essential.
To use Jagran HRA Calculator online free of cost:
1. Enter your basic salary and the HRA amount as per your salary slip.
2. Provide the amount of rent you pay.
3. Indicate whether you live in a metro city using the dropdown menu.
After entering this information, the calculator will generate the complete details for you.