I have taken home loan of 31 lacs in feb 14. The house is under construction and i am living in rented house.
I have paid 2.33 lacs interest and 1.58 lacs principle in last financial year. I am paying 8300 per month for rented house.
How can I claim HRA as well as home loan interest and principle for this years Income tax submission.
Also would like to know the max limits all these.
| S. No. | DESCRIPTION | AMOUNT |
| A | Particulars of Income from sources other than salary | |
| 1 | Interest | |
| 2 | Other Incomes (specify) | |
| Total | 0 | |
| B | INCOME FROM HOUSE PROPERTY | AMOUNT |
| 1 | Interest on Housing Loan u/s 24 (If the house is self occupied Property acquired /constructed and the loan was taken before April 1999- Rs.30000/- elgible ) |
NA |
| 2 | Interest on Housing Loan u/s 24 (If the house is self occupied Property acquired /constructed and the loan was taken after April 1999- Rs.200000/- elgible ) |
NA |
| 3 | Interest on Housing Loan u/s 24 A. (Let out/Deemed to be let out) Bankers Certificate to be submitted (if the property is LET OUT - Rental Income need to be specified) |
NA |
| 4 | B. Amount of Interest for Pre-Contruction Period (as per Income Tax Rule) |
233000 |
| Total Income from House Property | 233000 | |
| C | HRA: RENT PAID PER MONTH ( Please mention the starting and ending month) | |
| S.NO | PARTICULARS | AMOUNT - RENT(P.M) |
| Rent Paid/Payable for: | ||
| 1 | Apr-14 | 8300 |
| 2 | May-14 | 8300 |
| 3 | Jun-14 | 8300 |
| 4 | Jul-14 | 8300 |
| 5 | Aug-14 | 8300 |
| 6 | Sep-14 | 8300 |
| 7 | Oct-14 | 8300 |
| 8 | Nov-14 | 8300 |
| 9 | Dec-14 | 8300 |
| 10 | Jan-15 | 8300 |
| 11 | Feb-15 | 8300 |
| 12 | Mar-15 | 8300 |
| Total Rent Paid (per annum) | 99600 | |
| D | DESCRIPTION | |
| 1 | Life Insurance Premium(Premium Payable for self/spouse/children) | 12130 |
| 2 | Pension Plans u/s 80CCC | |
| 3 | Jeevan Suraksha/Pension schemes of any other insurer) | |
| 4 | Public Provident Fund (PPF) | |
| 5 | National Savings Certificate (NSC) | |
| 6 | Interest Accrued on NSC (Up to 5th completed year only) | |
| 7 | Unit Linked Insurance Policy (ULIP)/LIC | |
| 8 | Equity Linked Savings Schemes (ELSS) - Mutual Funds - Tax saving scheme only | |
| 9 | Payment of Tuition fees for Children (Max 2 Children) | 31000 |
| 10 | Principal repayment of Housing Loan | 158000 |
| 11 | Registration charges incurred for Buying House (I year Only) | |
| 12 | Bank Fixed Deposit for 5 Years & above | |
| 13 | Post office Term Deposit for 5 years & above | |
| Total Investments U/S 80C - limited to Rs 1,50,000/- only | 150000 | |
| E | OTHER PERMITTED DEDUCTIONS | |
| 1 | 80D - Medical Insurance Premium (Maximum Rs. 15,000 | 5000 |
| 2 | 80D Addtional - Medical Insurance Premium paid for parents (Maximum Rs. 15000/- (Rs. 20000 for senior citizens) |
|
| 3 | Sec 80DD (Maintenance including Medical treatment of dependant person with disability) -upto 50000/- , (Rs.100000/- in case of severe disability) | |
| 4 | 80DDB - Expenditure on Medical Treatment for specified disease | |
| 5 | 80E - Repayment of Interest against Educational Loan for purchasing higher Studies | |
| 6 | 80GG - Rent Paid but not in Receipt of HRA | |
| 7 | 80U-Permanent Physical Disability(Self) (Normal Rs. 50000/- and Severe Rs.100000/-) | |
| 8 | Deduction under Section 80CCG-Rajiv Gandhi Equity Savings Scheme, 2012 (50% of investment maximum Rs.25000) |
|
| Total Deductions | 5000 | |
| E | PREVIOUS EMPLOYMENT SALARY | AMOUNT |
| Income From Previous Employer (Only Joined after 01/04/2014) | ||
| 1 | a) Income after exemptions | |
| 2 | b) Provident Fund (PF) | |
| 3 | c) Professional Tax (PT) | |
| 4 | d) Tax deducted at source (TDS) | |
| S.NO | ACCRUED INTEREST WORKING | INT. RATE |
| 1 | N S C - Purchased during 01-04-09 to 31-03-10 | 11.17 |
| 2 | N S C - Purchased during 01-04-10 to 31-03-11 | 10.33 |
| 3 | N S C - Purchased during 01-04-11 to 30-11-11 | 9.55 |
| 4 | N S C - Purchased during 01-12-11 to 31-03-12 | 10.11 |
| 5 | N S C - Purchased during 01-04-12 to 31-03-13 | 9.56 |
| 6 | N S C - Purchased during 01-04-13 to 31-03-14 | 8.68 |
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