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HRA Exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2010 An employee is working in Hyderabad in a rent free accommodation provided by employer. he is having own house on loan at Bangalore and paying EMIs on that house. In this house his parents are staying without any kind of rent. Employee's wife and child are staying in Cochin in a rented house. He is paying rent to that house.

in this case pls. clarify the following exemptions:
Housing Loan principle amount
Housing Loan Interest amount
HRA Exemption

07 October 2010 HRA exemption can be claimed only the Hyderabad house (which the employee staying house)

Housing interest can be claimed for Bangalore house (u/s.23(2)(b)

Housing loan principal also can be claimed under 80C for Bangalore house.

Cochin house rent - no deduction or exemption


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