tax Calculator
Salary Tax Calculator
Calculate income tax on your salary including HRA, standard deduction, and other allowances. Get your take-home salary estimate.
₹6,00,000
₹
₹0₹5,00,00,000
₹2,40,000
₹
₹0₹2,00,00,000
₹2,00,000
₹
₹0₹2,00,00,000
₹1,80,000
₹
₹0₹1,00,00,000
Results
Gross Salary
₹0
Taxable Income
₹0
Tax Payable
₹0
How to Use Salary Tax Calculator
- 1
Enter basic salary and HRA
- 2
Input other allowances
- 3
Enter annual rent paid
- 4
View tax calculation breakdown
Salary Tax Calculator Formula
HRA Exemption = Min of (Actual HRA, Rent - 10% Basic, 50%/40% of Basic for metro/non-metro)Example Calculation
Input Values
Basic Salary (Annual)
₹6,00,000
HRA Received (Annual)
₹2,40,000
Other Allowances
₹2,00,000
Annual Rent Paid
₹1,80,000
Results
Gross Salary
₹10,40,000
Taxable Income
₹8,60,000
Tax Payable
₹72,200
Frequently Asked Questions
How is HRA exemption calculated?
HRA exemption is the minimum of: actual HRA, rent paid minus 10% of basic, or 50%/40% of basic salary.
What is standard deduction?
Standard deduction of ₹50,000 is available to all salaried employees under both tax regimes.
Can I claim HRA without rent receipts?
For rent up to ₹1 lakh/year, self-declaration suffices. Above that, landlord PAN is required.