Articles by Tarun Kumar Madaan
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Can you get Tax Deductions for Both HRA and Home Loan Interest Simultaneously?
Tarun Kumar Madaan 26 May 2023 at 08:59House Rent Allowance (HRA) is an allowance employers provide to cover the expenses of rented housing for employees. The Income-tax Act allows for an exemption on HRA if an employee resides in a rented house. Additionally, the Act permits a deduction on the interest paid by an individual taxpayer on a home loan.
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