HRA Income Tax Calculator
Introduction & Importance
HRA (House Rent Allowance) is a component of salary that is provided to employees to meet their residential expenses. Understanding how to calculate HRA income tax is crucial for tax planning and maximizing your savings.
How to Use This Calculator
- Enter your HRA amount, basic salary, and dearness allowance percentage.
- Click the ‘Calculate’ button.
- View your results below the calculator.
For more information, refer to the Income Tax Department and Inland Revenue Authority of Singapore websites.