Interest on house rent

For Self Occupied property : Maximum of Rs. 1,50,000/-

For let out property : Maximum - No limit. 

Originally posted by : RAKESH
	For Self Occupied property : Maximum of Rs. 1,50,000/- For let out property : Maximum - No limit.

AGREED!!!

Then can i clime HRA

Dear Dattatreya sharma,

Please note the following clarification:

1.  With regard to HRA, you can claim HRA exemption based on the payment of Rent.

2.  With regard to Interest on house property,  One house Property in which your parents are staying will be considered as Self Occupied Property and you can claim Interest paid on Housiong Loan towards that property at the maximum of Rs. 1.50Lacs.  Actual amount of Interest paid/payable on Let out property can be claimed as there is no limit for Let out properites.

thankyou sir