HRA Exemption
This query is : Resolved
Querist : Anonymous
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
in this case pls. clarify the following exemptions:
Housing Loan principle amount
Housing Loan Interest amount
HRA Exemption
CMA Ramesh Krishnan
(Expert)
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
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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