Tax exemption on both hra & home loan
This query is : Resolved
SATYANARAYAN PATRO
(Querist)
28 February 2014
Dear Sir /Madam,
I am an Employee of one of Pvt Co, working at Factory Site( Out skrit of City ) 80 km from my Own Resident.( Which is under Home Loan and Paying EMI also ). and Where My Family also staying .
Due to so far distance , I have taken one small flat near the Factory site , use to stay almost 3 days in week . which I use to pay Rs.7000 /-p.m.
so you please advise , can I take both type of Tax Exemption in my Tax Calculation. and If Yes under what section of Income tax will be applicable.
Please help.
thanks,
SNP
I am an Employee of one of Pvt Co, working at Factory Site( Out skrit of City ) 80 km from my Own Resident.( Which is under Home Loan and Paying EMI also ). and Where My Family also staying .
Due to so far distance , I have taken one small flat near the Factory site , use to stay almost 3 days in week . which I use to pay Rs.7000 /-p.m.
so you please advise , can I take both type of Tax Exemption in my Tax Calculation. and If Yes under what section of Income tax will be applicable.
Please help.
thanks,
SNP
28 February 2014
Hi
Yes for rented house you can claim HRA u/s 10 & Int on housing loan for owned house u/s24(b)
Thx
Yes for rented house you can claim HRA u/s 10 & Int on housing loan for owned house u/s24(b)
Thx
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