Sigma Tech India · Banking
HRA exemption, by the minimum-of-three rule.
Section 10(13A) of the Income Tax Act. Actual HRA received, 50% of basic (metro) or 40% (non-metro), and rent paid minus 10% of basic — exemption is the lowest of the three.
01 Salary & Rent
Monthly figures × 12 (or use annual directly).
Basic Salary + DAsalary part
₹
HRA Receivedfrom employer
₹
Rent Paidto landlord
₹
Employee Nameprints on PDF · optional
02 Computation
The exemption is the smallest of the three limbs.
HRA Exempt
₹0
per year
HRA Taxable
₹0
Added to taxable salary
Binding Limb
—
Smallest of three
The three limbs (annualised)
ParticularsAmountStatus
A. Actual HRA Received——
B. 50% of Basic (Metro)——
C. Rent Paid − 10% of Basic——
Exemption (Minimum of A, B, C)——
Available only under the Old Tax Regime. Permanent Account Number (PAN) of the landlord is mandatory if annual rent exceeds ₹1 lakh. — sigmatechind.com