HRA Calculator for ₹1L/month Salary — ₹12 L Basic
On ₹12 L basic salary with ₹6 L HRA and ₹4.80 L rent (metro): your HRA exemption is ₹3.60 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 ₹12 L Basic Salary
For a basic salary of ₹12 L (₹1L/month), HRA received of ₹6 L, and rent paid of ₹4.80 L in a metro city, the three HRA rules give: (1) Actual HRA: ₹6 L, (2) 50% of Basic: ₹6 L, (3) Rent − 10% Basic: ₹3.60 L.
The minimum of these three is ₹3.60 L — this is your exempt HRA. The remaining ₹2.40 L is added to your taxable income. At the 30% tax bracket, this exemption saves you approximately ₹1.08 L in taxes.
₹12 L basic, ₹6 L HRA, ₹4.80 L rent (metro) → Exempt: ₹3.60 L | Taxable: ₹2.40 L.