Salary Components
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HRA exemption is 50% of Basic for Metro, 40% for Non-Metro cities.
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Deductions
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Max limit: ₹1,50,000/year under Section 80C.
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Standard self/family limit: ₹25,000/year. Senior citizens: ₹50,000.
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Important Notes & Disclaimers
- This calculator uses the Old Tax Regime for tax computation.
- HRA Exemption is the lowest of three rules under Section 10(13A).
- Standard Deduction of ₹50,000 applied under Old Regime.
- 80C capped at ₹1,50,000/year. 80D: ₹25,000 (self), ₹50,000 (senior).
- This is an estimate only. Consult a CA for accurate filing.