About the Instrument:
House Rent Allowance (HRA) is a component of your salary provided to meet rental expenses. Under Section 10(13A) of the Indian Income Tax Act, salaried individuals living in rented accommodation can claim HRA tax exemption. The exempt amount depends on salary, rent paid, and the city of residence.

About the Calculator:
This tool helps you estimate how much HRA you can claim as tax-free under the current income tax rules.

Disclaimer: These results are provided for general awareness and planning purposes only. Actual values may vary based on bank policies or market conditions. Please consult your financial advisor or bank representative before making any investment or loan decision.