Till construction of your house is complete, you can only claim HRA.
After construction is completed, HRA as well as interest can be claimed. Conditions to claim interest is as below:
1. Total interest paid during under-construction period is to be added up. This is to be claimed in a period of 5 years. So if under-construction interest is Rs. 1,00,000. You can claim Rs. 20,000 every year for 5 years after completion of construction.
2. Post construction period interest can be claimed in the respective year.
3. Total interest claimed in any particular year can't exceed Rs. 2 lacs.
Principal repaid can be claimed u/s 80C upto Rs. 1,50,000
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