HRA exemption: least of three numbers
Exempt = min (actual HRA, rent − 10% salary, 50% salary in 8 metros else 40% — FY 2026-27+). Salary = basic + DA, monthly.
Monthly exempt HRA
₹16,000
Yearly exempt ≈ ₹1,92,000 · Taxable HRA ≈ ₹9,000/mo
Old regime only — new regime effectively skips HRA. Annual rent above ₹1 lakh needs landlord PAN (+ relationship disclosure in Form 124 from FY 2026-27). No HRA at all? Check 80GG (Form 10BA) in the FAQ.
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