house property

in case of rented out property he can get tax benefit under section 80GG.
from let out property he can get tax benefit of municipal tax paid from rent received and on Bal AMT he will get 30 percent STD deduction. if any home loan is taken against the property then deduction for interest paid up to 2lacs can be taken

You can claim full deduction of interest on loan ( No limit if property given for rent)

from 2018-19 and onwards interest deduction for let out property is also restricted to 2lacs

But Giridhar sir, as per sec 80GG the assessee should not own any house at the place of his residence or business for claiming deduction u/s 80GG.