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Use this tool to calculate how much deductions you can claim for the rent paid on your house. This tool is applicable only for salaried individuals.
If house is rented in the names of multiple individuals than total deductions by all the members cannot exceed rent paid to the landlord. To claim deductions of more than 1 lakh in a financial year, you will need to produce PAN card copy of your landlord.
This table shows how 10000 invested for 5 years in varying rates can impact your returns.

Deduction Rates for House Rent Paid

Residence Type Calculation
 Option 1
 Option 2
 Option 3
Metro (Delhi, Mumbai, Chennai, Kolkata) Lower value of Option 1, 2 and 3 Actual Rent Paid - 10% of (Basic+DA) 50% of your (Basic+DA) HRA Allocation
Non-Metro (Rest of India) Lower value of Option 1, 2 and 3 Actual Rent Paid - 10% of (Basic+DA) 40% of your (Basic+DA) HRA Allocation
Quick Tax Calculator
Where do you stay?
Delhi, Mumbai,
Chennai or Kolkata Other part of India
Applicable Tax Rate
%
Annual Rent Paid
Annual (Basic+DA)
Submit Reset
  • Deduction
    ₹
  • Tax Saving
    ₹
Scheme 3 Y
Invesco India Midcap - D (G)
 29.1%
Invesco India Infra. -Direct (G)
 27.7%
Bank of India Manufacturing & Infrastructure Fund - D (G)
 26.2%
JM Flexi Cap Fund - DP - (G)
 24.4%
Kotak India EQ Contra Fund - D (G)
 23.9%
Best Funds to Buy

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347