Edit Article

iMyGoals, an online financial planner in India, lets users plan their finances, by setting individual goals and analyzing these goals. This How-To article is a step-by-step guide on how to calculate your house rent allowance (HRA) exemption.

Ad

Steps

  1. Calculate Your HRA Exemption Amount in iMyGoals Step 1.jpg
    1
    Login to your iMyGoals account or register as a new user.
    Ad
  2. Calculate Your HRA Exemption Amount in iMyGoals Step 2.jpg
    2
    Go to “Calculators” tab. This is available as the fourth button on upper menu bar. A click on this will take you to a new page with seven different types of financial calculators. Select “Taxes” tab from the left side menu (First tab).
  3. Calculate Your HRA Exemption Amount in iMyGoals Step 3.jpg
    3
    Click on “Taxes” tab. Selecting tax tab will provide you three options to choose from. Pick “HRA Exemption Calculator” tab.
    1. Select your city. Appropriately select your city of residence, from the drop down given.
    2. Fill in “Annual Salary”. Write your annual salary amount, which will include basic and dearness allowance (DA) component only.
    3. Fill “HRA Component in Compensation”. In this, you have to fill the annual allowance given by your company, under house rent component of your salary.
    4. Write “Rent Actually Paid”. Fill the amount of annual rent paid which are supported by receipts.
  4. Calculate Your HRA Exemption Amount in iMyGoals Step 4.jpg
    4
    Click on Calculate HRA Exemption.
  5. Calculate Your HRA Exemption Amount in iMyGoals Step 5.jpg
    5
    Get a PDF report. You can also get your PDF report of the same for your effective financial planning.
    Ad
    Ad

We could really use your help!

Can you tell us about
personal relationships?
Can you help us
rate articles?
Yes
No
personal relationships
how to deal with a bully
Can you tell us about
unemployment?
Yes
No
unemployment
how to survive if you cannot find a job
Can you tell us about
decision-making?
Yes
No
decision-making
how to make up your mind
Can you tell us about
turtle care?
Yes
No
turtle care
how to look after a turtle
Thanks for helping! Please tell us everything you know about
...
Tell us everything you know here. Remember, more detail is better.
Tips
Provide Details.
Please be as detailed as possible in your explanation. Don't worry about formatting! We'll take care of it. For example:
Don't say: Eat more fats.
Do say: Add fats with some nutritional value to the foods you already eat. Try olive oil, butter, avocado, and mayonnaise.
Submit

Article Info

Categories: Website Application Instructions | Accounting and Regulations

Thanks to all authors for creating a page that has been read 2,879 times.

Did this article help you?
Yes No

Become
an Author!

Write an Article