7th Pay Commission HRA Calculator calculates the House Rent Allowance, which is given to salaried individuals to meet their rented accommodation-related expenses. Tax exemption can be claimed by people living in rented houses and bring down their taxes paid. The Seventh CPC House Rent Allowance Commission has been reduced the percentage of HRA for all categories of Central Government employees rationalized to 24 percent, 16 percent and 8 percent of the Basic Pay.
7th Pay Commission HRA Calculator calculates the House Rent Allowance, which is given to salaried individuals to meet their rented accommodation-related expenses. Tax exemption can be claimed by people living in rented houses and bring down their taxes paid. The Seventh CPC House Rent Allowance Commission has been reduced the percentage of HRA for all categories of Central Government employees rationalized to 24 percent, 16 percent and 8 percent of the Basic Pay.
The Seventh CPC House Rent Allowance may be fully or partially exempt from tax. If you didn't live in a rented accommodation but are still given this allowance, this allowance is fully taxable. From the above calculation, you can find the House Rent Allowance by choosing the basic pay ranging from 5200- 20200. It is mandatory to mention the landlord's PAN to claim HRA exemption. 7th Pay Commission HRA Calculator given above is a simple method to find your rent exemption.
