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Salary Tax Exemption · AY 2026-27

HRA Exemption —
Least of 3, Old Regime Only

How house rent allowance is exempted under Section 10(13A), the metro vs non-metro rule, a worked example, and the other salary exemptions — LTA, gratuity, leave encashment and EPF — that shape your take-home tax.

Updated for FY 2025-26 CA Reviewed Old Regime Deduction
10(13A)HRA section
50% / 40%Metro / non-metro
Oldregime only
Rs 50klandlord PAN rent limit
Quick Answer

HRA exemption under Section 10(13A) is the least of three amounts: (1) actual HRA received, (2) rent paid minus 10% of basic salary + DA, and (3) 50% of basic+DA for metro cities (Delhi, Mumbai, Chennai, Kolkata) or 40% for non-metro. The lowest figure is exempt; the balance HRA is taxed as salary. HRA is available only under the old tax regime — the default new regime does not allow it.

Metro % of basic 50%
Non-metro % 40%
Regime Old only
Section 10(13A)
The formula

How HRA Exemption Is Calculated

Under Rule 2A of the Income-tax Rules, you compute all three amounts and take the smallest. Do it monthly if salary or rent changes during the year, then total the exempt figures.

Actual HRAHRA line in your salary slip
Rent − 10%Annual rent minus 10% of basic+DA
50% / 40%Of basic+DA by city type
Take the leastLowest of the three is exempt

Try our HRA calculator to run your own numbers, or see the worked example below.

Worked example

HRA Example — Metro vs Non-Metro

Non-metro · Rs 10L CTC

Actual HRA (yr)Rs 1,68,000
Rent − 10% basicRs 1,02,000
40% of basic+DARs 1,68,000
Exempt (least)Rs 1,02,000

Metro · Rs 15L CTC

Actual HRA (yr)Rs 2,64,000
Rent − 10% basicRs 2,34,000
50% of basic+DARs 3,30,000
Exempt (least)Rs 2,34,000
HRA is old-regime only

If you opt for the default new tax regime, the entire HRA is taxable — Section 10(13A) does not apply. Only the old regime lets you exempt HRA. Compare both before you file: a large metro rent can tilt the maths towards the old regime, while modest rent often favours the new regime's lower rates and Rs 75,000 standard deduction.

City classification

Metro Cities, Rent Receipts & Landlord PAN

RuleApplies toPosition
Metro — 50% of basic+DADelhi, Mumbai, Chennai, Kolkata50%
Non-metro — 40% of basic+DABengaluru, Hyderabad, Pune, all others40%
Rent receiptsRent above Rs 3,000/monthRequired
Landlord PANAnnual rent above Rs 1,00,000Mandatory
HRA on own houseSelf-occupied, no rent paidNot allowed

Bengaluru and Hyderabad are non-metro for HRA even though they are major cities. Rent paid to a family member is allowed only if it is genuine, with proof of payment.

No HRA in your salary? Use Section 80GG

If you pay rent but your salary has no HRA component (or you are self-employed), you can claim a deduction under Section 80GG — least of Rs 5,000/month, 25% of total income, or rent minus 10% of income. Like HRA, it is available only under the old regime.

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Beyond HRA

Other Salary Exemptions & Retirement Benefits

HRA is one of several salary exemptions. Most are available only under the old regime; the retirement exemptions below apply in both regimes. Standard deduction is Rs 75,000 under the new regime and Rs 50,000 under the old.

BenefitSectionExempt limit / basisRegime
HRA10(13A)Least of the 3-part formulaOld only
LTA (domestic travel)10(5)2 journeys in a 4-year blockOld only
Gratuity (non-govt)10(10)Up to Rs 20,00,000Both
Leave encashment on retirement10(10AA)Up to Rs 25,00,000 (non-govt)Both
Retrenchment compensation10(10B)Up to Rs 5,00,000Both
Family pension deduction57(iia)1/3 up to Rs 25,000Both

Leave encashment limit for non-government employees was raised to Rs 25 lakh in 2023 (from Rs 3 lakh). Commuted pension is exempt u/s 10(10A).

Old

Old regime — exemptions available

  • HRA (10(13A)) & LTA (10(5)) allowed
  • 80C, 80D, 80GG, 24(b) home-loan interest
  • Standard deduction Rs 50,000
  • Best when rent & deductions are high
vs
New

New regime (default) — most gone

  • No HRA, no LTA, no 80C
  • Only 80CCD(2) employer NPS survives
  • Standard deduction Rs 75,000
  • 87A rebate up to Rs 12L taxable income
  • Simpler — best with little rent
Perquisites are taxable on top of salary

Rent-free or concessional accommodation, a company car and ESOPs are taxable perquisites valued under Rule 3. ESOPs are taxed at exercise on FMV minus the exercise price (eligible startups get a TDS deferral). These add to salary regardless of regime.

PF & other income

EPF, FD Interest & Other Income Rules

Employees' Provident Fund earns 8.25% for FY 2025-26. Employee and employer each contribute 12% of basic+DA. The interest is tax-free within limits, but high contributions and early withdrawals are taxed.

Income / eventTax positionSection / TDS
EPF interest on employee contribution > Rs 2.5L/yrInterest taxable10(12) (Rs 5L if no employer PF)
Employer EPF+NPS+super > Rs 7.5L/yrExcess taxablePerquisite
EPF withdrawal before 5 yrs serviceTaxableTDS 192A @10% (20% no PAN)
EPF transfer on job changeNot taxable
Bank / FD interestSlabTDS 194A > Rs 50k (Rs 1L senior)
Dividend incomeSlabTDS 194 @10% > Rs 10,000
Gift from non-relative > Rs 50k/yrTaxable56(2)(x)

VPF (voluntary extra employee PF) earns the same 8.25% and counts toward the Rs 2.5 lakh interest-tax threshold. 80TTA (Rs 10,000 savings interest) and 80TTB (Rs 50,000 for seniors) are old-regime only.

Old regime likely wins if

  • You pay high rent in a metro and claim HRA
  • You have 80C, 80D and home-loan interest
  • You draw LTA and have large deductions overall

New regime likely wins if

  • You pay little or no rent
  • Your deductions are modest
  • You prefer the higher Rs 75,000 standard deduction

Not sure which regime saves you more on salary?

Compare with the calculator →
Government sourcesHRA & salary exemptions: incometax.gov.in · EPF interest rate & withdrawal: epfindia.gov.in · HRA computation: Section 10(13A) & Rule 2A, Income-tax Rules · EPF interest tax: proviso to Sections 10(11)/(12); TDS on withdrawal u/s 192A
People also ask

HRA Exemption & Salary Tax — FAQs

HRA Basics
How is HRA exemption calculated?
HRA exemption under Section 10(13A) is the least of three amounts: (1) actual HRA received from your employer; (2) rent paid minus 10% of basic salary plus DA; and (3) 50% of basic+DA if you live in a metro city (Delhi, Mumbai, Chennai, Kolkata) or 40% for a non-metro city. The lowest of the three is exempt from tax; the remaining HRA is added to taxable salary. Compute monthly if salary or rent changes during the year, then total the exempt amounts.
Which cities are metro for HRA exemption?
Only four cities are treated as metro under Section 10(13A): Delhi, Mumbai (including Thane and Navi Mumbai), Chennai and Kolkata, where 50% of basic+DA is used. Every other city — including Bengaluru, Hyderabad, Pune and Ahmedabad — is non-metro, where 40% applies. Bengaluru and Hyderabad are non-metro for HRA despite being major IT hubs.
Is HRA exemption available in the new tax regime?
No. HRA exemption under Section 10(13A) is available only in the old tax regime. If you opt for the default new regime, the entire HRA received is taxable as salary. The new regime gives lower slab rates and a Rs 75,000 standard deduction but disallows HRA, LTA, 80C, 80D and most other exemptions. If your rent and deductions are high, the old regime may still save more — compare both.
Can I claim HRA if I live in my own house?
No. HRA exemption requires you to actually pay rent for the accommodation you occupy. If you live in your own self-occupied house, you cannot claim HRA even if your salary has an HRA component — the whole HRA is taxable. However, if you rent in one city while owning a house in another, you can claim HRA on the rented home and also claim home-loan interest under Section 24(b) on the owned property.
HRA Documents
Can I claim HRA without rent receipts?
Rent receipts are needed when monthly rent is above Rs 3,000. If your annual rent exceeds Rs 1,00,000, you must also give your landlord's PAN to your employer. You do not attach receipts to the ITR, but keep them and the payment proof in case of scrutiny — especially where rent is paid to a family member, where genuine bank transfers matter.
What if my salary has no HRA component?
If you pay rent but receive no HRA — or you are self-employed — you can claim a deduction under Section 80GG instead. It is the least of Rs 5,000 per month, 25% of total income, or rent paid minus 10% of total income. Like HRA, Section 80GG is available only under the old tax regime and needs Form 10BA.
Can I claim HRA and a home-loan deduction together?
Yes, in genuine cases. If you rent a house in your work city and own a house (with a loan) in another city, you can claim HRA on the rent and home-loan interest under Section 24(b) plus principal under 80C on the owned house. Both are old-regime benefits. The tax office may question claiming both for the same city without a valid reason.
Other Salary Exemptions
How is LTA (Leave Travel Allowance) exempt?
LTA is exempt under Section 10(5) for the actual cost of domestic travel (air, rail or bus fare) for you and your family, for up to two journeys in a block of four calendar years. Only travel fare is covered — not hotels, food or local transport. LTA exemption is available only under the old tax regime and requires travel proof.
Is gratuity taxable?
For non-government employees covered by the Payment of Gratuity Act, gratuity is exempt under Section 10(10) up to Rs 20,00,000 (lifetime limit), or the amount actually received or 15 days' salary per year of service, whichever is least. Government employees get full exemption. Amounts above the limit are taxable as salary. This exemption applies under both the old and new regimes.
Is leave encashment on retirement taxable?
Leave encashment at retirement is exempt for non-government employees under Section 10(10AA) up to Rs 25,00,000 (raised from Rs 3 lakh in 2023), subject to the statutory formula. Government employees get full exemption. Leave encashment while still in service is fully taxable. The exemption is available in both tax regimes.
How are perquisites like a company car or ESOP taxed?
Perquisites are valued under Rule 3 and added to salary. Rent-free or concessional accommodation and company cars have prescribed valuation rules. ESOPs are taxed as a perquisite at the time of exercise, on the fair market value of the shares minus the exercise price; eligible startups get a deferral of the TDS. Perquisites are taxable regardless of the regime chosen.
EPF & Other Income
When is EPF interest taxable?
From FY 2021-22, interest on your own EPF contribution above Rs 2,50,000 in a year is taxable under the proviso to Section 10(12). The threshold is Rs 5,00,000 if the employer makes no contribution to the fund. EPFO maintains a separate taxable-contribution account and deducts TDS on the taxable interest. VPF contributions count towards the same Rs 2.5 lakh limit.
Is EPF withdrawal taxable?
EPF withdrawal is tax-free if you have completed five years of continuous service (across employers, if the PF was transferred). Withdrawal before five years is taxable, and EPFO deducts TDS under Section 192A at 10% (20% if you have not given your PAN). Transferring your PF on a job change is not a withdrawal and is not taxable.
When is employer PF contribution taxable?
The employer's contribution to EPF, NPS and a superannuation fund taken together is tax-free up to Rs 7,50,000 a year. Any employer contribution above Rs 7.5 lakh is taxable as a perquisite in your hands, along with the notional interest attributable to the excess. The employee's own 12% contribution qualifies for 80C in the old regime.
How is FD and savings interest taxed?
Bank and fixed-deposit interest is fully taxable at your slab rate. Banks deduct TDS under Section 194A once interest crosses Rs 50,000 in a year (Rs 1,00,000 for senior citizens, per Budget 2025). Savings-account interest is deductible up to Rs 10,000 under Section 80TTA, or up to Rs 50,000 for senior citizens under Section 80TTB — both old regime only.
Is dividend income taxable?
Yes. Since FY 2020-21, dividends are taxable in the investor's hands at slab rates; the earlier tax-free treatment ended with the abolition of the dividend distribution tax. Companies deduct TDS under Section 194 at 10% where the dividend to a resident exceeds Rs 10,000 in a year. Report dividends under Income from Other Sources.
Are gifts and bonus taxable?
A bonus from your employer is fully taxable as salary in the year it is received. Gifts of money or property from a non-relative are taxable under Section 56(2)(x) if the total exceeds Rs 50,000 in a year (then the whole amount is taxable). Gifts from specified relatives, on marriage, or by will are exempt.
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