Hra deduction

 I am working in govt. sector and  availed housing loan. My working spot is 40 kms away from my residence. can I claim both HRA and housing loan interest?. Any documents or forms should I enclose  along with the tax calculation form?

Replies (4)

Yes. Rental agreement with rent paid receipts are required to claim HRA.

Respected sir,

quote me the Income Tax act  which allows to avail this facilities.....

As per sec 24b of income tax act you can claim the interest paid on housing loan and under sec 80c you can claim the principal amount paid under housing loan.
You can also claim the HRA As per sec 10(13A) of income tax.(however u have to calculate the exempt amount and need to paid the tax on rest of the amount)

Thank you sir....

Got it.............yes

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