HRA Calculator for ₹40K/month Salary — ₹4.80 L Basic
On ₹4.80 L basic salary with ₹2.40 L HRA and ₹1.80 L rent (metro): your HRA exemption is ₹1.32 L.
HRA Exemption
₹1.80 L
Taxable HRA
₹1.20 L
Rule Applied
Rent paid minus 10% of Basic
Three-Rule Comparison
1. Actual HRA: ₹3.00 L
2. 50% of Basic: ₹3.00 L
3. Rent − 10% Basic: ₹1.80 L ← Lowest
💡 HRA Exemption on ₹4.80 L Basic Salary
For a basic salary of ₹4.80 L (₹40K/month), HRA received of ₹2.40 L, and rent paid of ₹1.80 L in a metro city, the three HRA rules give: (1) Actual HRA: ₹2.40 L, (2) 50% of Basic: ₹2.40 L, (3) Rent − 10% Basic: ₹1.32 L.
The minimum of these three is ₹1.32 L — this is your exempt HRA. The remaining ₹1.08 L is added to your taxable income. At the 30% tax bracket, this exemption saves you approximately ₹39,600 in taxes.
₹4.80 L basic, ₹2.40 L HRA, ₹1.80 L rent (metro) → Exempt: ₹1.32 L | Taxable: ₹1.08 L.