Query related

tehre's no bar in claiming simultaneously the exemption towards Rent paid u/s 10(13A) as well as the intrset paid on home loan in your taxable income.  the only thing is that you shud have incurred the expenditure towards rent as per the requriement of section 10(13A).

Moreover as your property will be let-out so you can claim the entire interest paid actually during the F.Y.

However if you have paid any interest before getting the possession of the house then you can claim teh interest till the F.Y. preceeding the F.Y. when you got the possession of the property in 5 equal installments from the A.Y. relevant to A.Y. in whihc you got possession of the property.

So in your assessement you can claim the exmeption towards HRA u/s 10(13A) towards Rent paid and the interest paid towards home loan.  The incoem from house property will be calcualted as follows:

Loss if any from the above will be deducted from taxable income.  So in this way you can save your taxes on account of loss incurred. 

If I have received 30,000 rent then I get rebate of 2,71,000

Rent Received 30,000
Less:Municipal Taxes Paid
Net Annual Value
Less: STd Ded @ 30% of NAV 9,000
Interset paid on Home Loan 3,00,000
Income/Loss from house property -2,71,000
 

For how many months have you let -out your property.  also you have not shown the Municipal Taxes paid amount in you calculation above.  the loss comes to 279000 as per the figures given above.