HRA an employee

Section 13 A of the Income Tax Act deals with the exempt Income of the Political Parties in India. Section 13A has been inserted in the Income Tax Act 1961 by theTaxation Laws (Amendment) Act 1978 and has come into effect from 1.11.1979

 

What is your query?

sorry (Section 10 (13 A)

A Employee taken house loan xxxx city and enjoying tax benefits under 80CC & 80E

he is working another place living rented house so he is eligible for section 10( 13A) exemption HRA allowance

Employee can enjoy HRA on rented premises if his residential house(against loan taken) is far away more than 30 km from his company.So if he takes rented flat between those area from his company he can claim 80C deduction for Principle amount of loan and interest on loan(but interest on loan is restricted to Rs.2,00,000).If interest is more than 2L then he can claim other 2L in 80EE section subject to conditions specified in that section.