Income tax

Salary : 12 L

Less:80C:1.5

Less: Intt u/s 24 :Pre-Construction interest is allowed in 5 equal installments starting from the year in which the house is purchased or the construction is completed.(140000/5)

Less: Intt u/s 24 :120000(Post Poss)

Rent Paid by You: Depend on ur Salary Structure .

Let me know if you still face difficulty. 

HRA Deduction is also available for April to Dec

Hi,

Please see the below details and help me out.

Home loan taken on August 2015, In December-2015 I got the possesion of my new house. 

Earlier I was living on rent, now moved to my new house.

Can I claim tax benefit on:
1. HRA for period April-2015 to November-2015 (8 Months)
2. Sum of Principal Amount from the EMI which I will pay from December-2015 to March-2016 (4 Months)
3. Sum of Interest Amount from the EMI which I will pay from April-2015 to March-2016 (12 months),

Interest from April to Nov Will be allowed in 5 Equal Installment

And Interest From Nov to March will Allowed Fully