Hra rebate and interest paid on housing loan
This query is : Resolved
12 April 2012
I am working in a Limited company in Delhi and residence is in Rented premises. My self occupied residential property is in Noida on which i am running Home loan. Can i claim both HRA rebate and Interest paid on Housing loan under income tax.
Tushar Desai
(Expert)
12 April 2012
Yes, you can claim both the benefits under the Act. However, you need to show the minimum Rental income on your Noida property.
Murtaza I Bhagat
(Expert)
13 April 2012
yes you can,
for HRA exemption you need go through the calculation and also give your employer a copy of last rent receipt
for HP Loan you have to submit Certificate of Bank which bifurcate Principle and interest
principle amount gone to 80C (max. upto 1 lacs )
interest amount u/s 24(b) max upto 1.50 lacs
by this you can save your IT.
for HRA exemption you need go through the calculation and also give your employer a copy of last rent receipt
for HP Loan you have to submit Certificate of Bank which bifurcate Principle and interest
principle amount gone to 80C (max. upto 1 lacs )
interest amount u/s 24(b) max upto 1.50 lacs
by this you can save your IT.
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