HRA exemption & tax rebate for repayment of home loan

Dear Yogita,

1) Both HRA exemption & Tax benefits on account of home loan repayment can be claimed simultaneously. 

2) Maxium amount that can be claimed in case of repayment of loan {make sure construction of house has been completed or posession has been received} -

Principal portion of EMI - Maximum Rs. 1 Lac u/s 80C

Interest portion of EMI - Max. Rs. 1.50 lacs if House is self occupied

                                         - Without any limit if house is let out or deemed to be let out

{in case more then one house is self occupied then only 1 house can be claimed as "self occupied" & rest will be treated as "deemed let out"}