Tax benefit for both hra and home loan repayment

1213 views 4 replies

I've been servicing my home loan and claiming tax benefit for principal and interest components for the past several years.

Due to a job change, now I'd be moving to another city where I will have to live in a rented house. I would not be letting out my own house as my retired father wants to stay back.

In my case, will I be allowed to claim tax benefit for both the rent I pay in the new city (HRA) and the EMI that I will continue to pay towards the home loan?

If yes, how do I do it? Please advise. Thank you.

Replies (4)
Yes,you will be get deduction of rent paid u/s 80 gg or exemption of HRA u/s 10(13A). But pls let any other forum member confirm it.
And also deduction of int and housing loan repayment.

Yes, you can claim both the benefits. You need a confirmation from bank stating the amount of interest and principal. You need to give a declaration to the company that the house property on which you have taken housing loan is self occupied and not let out.

This will sort out your issue.

Yes, in your case you can claim benefit for HRA u/s 10(13A), HBL Principal repayment (u/s 80C) and HBL interest (u/s 24). Following are the prerequisites:-

1) You are in receipt of HR allowance from your employer

2) You are actually paid rent

3) You do not have any own house in the city where you are staying for the purpose of your job

You have to submit to employer declaration in Form 12BA regarding your HBL principal and interest repayment. For HRA exemption you have to submit rent payment receipt to your employer or any other document(us/s as per their requirement.

If you are not receiving any HR allowance, then also you can claim benefit of HR payment u/s 80GG.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details