HRA vs Home Loan Tax Benefit Calculator
Compare HRA exemption and home-loan interest benefits under the old regime.
How the HRA vs Home Loan Tax Benefit Calculator works
Compare HRA exemption and home-loan interest benefits under the old regime. Below is the exact mathematical or algorithmic model used by this tax utility, along with its key operating assumptions.
HRA exemption is the minimum of HRA received, rent paid minus 10% of basic salary, and 40% or 50% of basic salary. Home-loan interest is capped at the common self-occupied limit.Step-by-step workflow
- Set your starting capital, rate, or tenure in the HRA vs Home Loan Tax Benefit Calculator controls (or pick a quick INR benchmark preset).
- The calculation engine applies HRA exemption is the minimum of HRA received, rent paid minus 10% of basic salary, and 40% or 50% of basic salary. Home-loan interest is capped at the common self-occupied limit. on every change and separates principal from compounded gains or interest.
- Inspect the visual chart breakdown and adjust sliders to stress-test lower returns, higher inflation, or extra prepayments.
Worked example & key advantages
Enter salary, rent, HRA and home-loan interest to compare tax with no benefit, HRA only, home-loan only and both.
Why use this HRA vs Home Loan tool
- Transparent compounding and amortization math (HRA vs Home Loan) with Indian Lakh and Crore formatting.
- Side-by-side visual charts showing how tenure, rate resets, or step-ups change lifetime wealth.
- 100% browser-local execution—your loan, investment, and tax figures are never uploaded or stored on a server.
Important Assumptions & Scope
- This is an old-regime planning estimate.
- Home-loan interest deduction is capped at ₹2 lakh in this simplified model.
- Eligibility depends on actual occupancy, ownership and documentation.
- Employer and filing treatment can differ.
Frequently Asked Questions — HRA vs Home Loan
Clear answers to common questions about methodology, edge cases, and privacy.
Can I claim HRA and home-loan interest together?
It can be possible depending on facts such as where you live, where the owned house is, and whether eligibility conditions are met.
Does this compare old and new tax regimes?
No. It focuses on old-regime benefits because HRA and common home-loan interest deductions are old-regime oriented.
Is rent proof required?
Employers commonly require rent receipts, landlord PAN above thresholds and sometimes rent agreement or payment proof.