HRA calculation is based on your actual rent paid, your salary, and the city where you live. It is typically the lowest of these three: Actual HRA received, 50% of your basic salary if you live in metro cities (40% for non-metro cities), or actual rent paid minus 10% of your basic salary.

An HRA calculator helps you determine the amount of HRA exemption you can claim for tax purposes, thus reducing your taxable income.

To use an HRA calculator, enter details such as your salary, actual rent paid, and the city you live in. The calculator will then compute the HRA exemption you can claim.

No, HRA exemption is only applicable if you are living in a rented accommodation and paying rent.

HRA is partially taxable. The exempted portion is calculated using the HRA exemption rules.

No, you can only claim HRA exemption if your employer provides you with HRA as a part of your salary package.

You should calculate HRA for tax benefits each financial year when filing your income tax return.

To claim HRA exemption, you typically need rent receipts, a rent agreement, and proof of rent payment.

Yes, you can use the HRA calculator to estimate the tax savings you can achieve by claiming HRA exemption.