Only under Old Regime. Keep rent receipts; landlord PAN required if rent >₹1L/year.
Per Section 10(13A) and Rule 2A
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Formula & SourceHRA Exemption Calculator
HRA Exemption = MINIMUM of:
1. Actual HRA received
2. Rent paid − (10% of Basic Salary)
3. 50% of Basic (metro) OR 40% (non-metro)
All amounts on annual basis.
Source: Section 10(13A), Income Tax Act 1961 + Rule 2A
Frequently Asked Questions
No. Keep monthly rent receipts and rent agreement. For rent above ₹1L/year, landlord PAN is mandatory.
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