Frequently Asked Questions
How is HRA exemption calculated? ＋
HRA exemption is the minimum of: (1) Actual HRA received from employer, (2) 50% of basic salary for metro cities (40% for non-metro), and (3) Actual rent paid minus 10% of basic salary. Only the lowest of these three is exempt.
What is the standard deduction for salaried employees in FY 2025-26? ＋
The standard deduction is ₹75,000 under the new regime and ₹50,000 under the old regime for salaried employees and pensioners. It is a flat deduction without needing any proof or investment.
Can I claim both HRA and home loan interest? ＋
Yes, you can claim both if you are living on rent in a different city and have a home loan on a property in another city. If you live in your own home with a loan, HRA is not applicable.
What is the rebate u/s 87A for FY 2025-26? ＋
Under the new regime, no income tax is payable if your net taxable income is ₹12 lakh or below (after standard deduction). Under the old regime, no tax is payable if income is ₹5 lakh or below.
How is take-home monthly salary calculated? ＋
Take-home = Gross Salary – Income Tax (annual) / 12 – Professional Tax (annual) / 12 – Employee PF (12% of basic, if applicable). This calculator shows a simplified take-home after income tax only.