Question 1

How is HRA exemption calculated?

Accepted Answer

The exemption is the least of: actual HRA received; rent paid minus 10% of basic; and 50% of basic (metro) or 40% (non-metro). ZMoney+ applies all three and shows the lowest.

Question 2

Can I claim HRA and a home loan together?

Accepted Answer

Yes, in some cases — e.g. if you rent in one city and own a home elsewhere or it is let out. The calculator handles the HRA side of the exemption.

HRA Exemption Calculator

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