Calculate your House Rent Allowance exemption as per Income Tax rules
HRA exemption is the minimum of:
1. Actual HRA received from employer
2. 50% of basic salary (for metro cities) or 40% of basic salary (for non-metro cities)
3. Rent paid minus 10% of basic salary (if rent > 10% of basic salary)
Metro Cities: Mumbai, Delhi, Kolkata, Chennai
Note: You must have rent receipts and rental agreement to claim HRA exemption.