one of our employee have his own house in Sangli city where his parents live & he stays in Pune at rental house. so can he claim for hra exemption u/s 10 as well for housing loan interest?
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Hra exemption
Replies (3)
Hi Rudrayani
The concerned employee can claim both hra and home loan interest deduction u/s 10 if he stays in a rented house in another city for work/ employment purposes. So, he is eligible for both deductions, u/s 10 and u/s 24B.
if property and loan is in the name of employee than he can avail HRA EXEMPTION as well as housing loan interest.
thank a lot for the information
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