Home loan and HRA EXEMPTION

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An employee living in Mumbai with their head office in Delhi has a home loan in Mumbai and currently rents in Mumbai. They are seeking clarification on whether they can claim both House Rent Allowance (HRA) and home loan benefits. Generally, if you own a property and have a home loan for it, you cannot claim HRA for rent paid in the same city, even if your office is elsewhere.

RAJ

RAJ (Querist)
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07 February 2023 One employee lives in Mumbai and his HO in Delhi. He is having Home loan in Mumbai and living on rent in Mumbai. Can he get HRA and home loan benefit both.
Please advise

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 February 2023 If there is any specific reason, like distance of office too far from own house, etc.; he is allowed to stay in rented house in same city, hence can claim HRA.