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HRA & HOUSE LOAN DEDUCTION FROM SALARY
Dear all,
i want to know wheather HRA & House loan Interest & Repayment of loan both are eligible from deduction of salary. for example A drawn salary as follows ( 25000 + 7000 + 2000 + 1000 + 3000 + 2000 BASIC + HRA + CON + CH.EDU ALL + MED ALL + LTA)he also taken Housing loan from bank principle repayment 27125 & interest 66475. how can he gets deduction from salary.
sir matter related to TDS, kindly reply me urgently and oblige. thank you
Replies (2)
I dont think you can claim both.
If you are required to stay at a place away from your own house for reasons of employment, then you would be eligible to claim both the deductions on account of HRA exemption as well as interest deduction.
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