How is HRA exemption calculated?
The three-way test
Compute all three figures and take the smallest. 'Salary' here means basic plus dearness allowance (and commission if a fixed percentage of turnover). You need rent receipts, and the landlord's PAN if annual rent exceeds ₹1 lakh.
Common situations
If you pay no rent, HRA is fully taxable. If you live in your own house, you can't claim HRA. You can claim HRA and a home-loan deduction together if the home is in a different city or genuinely let out.
Related questions
Can I claim HRA in the new tax regime?
No — HRA exemption is available only under the old regime. The new regime does not allow HRA, so factor that in when comparing regimes.
Related reading
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General information for AY 2026-27, not professional advice. Rules change with each Finance Act / notification and depend on your facts — verify with a licensed CA or advocate before acting.