HRA reg tax savings


I have been transferred in the month of october. At my previous place of posting I was getting lease cheque directly from my employer and at my current place of posting I am getting HRA.

So how can I get HRA reg tax savings in ITR as there has been lease to HRA change from october 2020 onwards.


Monu Gulshan


You can calculate the exempt amount of HRA and declare the same in the ITR so as to save the taxes.

You can use Quicko’s calculator for calculating exempt amount of HRA.

Also if you have submitted the receipts to the employer must have calculated exempt House Rent Allowance and deduct the same from the employee’s taxable salary. You can know exempt house rent allowance from your Form 16.

HRA will be calculated on a pro-rata basis i.e from October 2020 till March 2021.

Hope this helps!

For FY 2020-2021, Six months I ,ve been on company provided lease(i.e. from APRIL 20 to Oct 20) and thereafter I have been on HRA for rest Six months(i.e from OCT 20 to March 21).

Above calculators are not helpful to me.

Kindly assist will I be eligible for tax exemption.


Monu Gulshan