Deduction of hra

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2013 Dear All,
i am residing at rented house & paying rentof Rs.12000/-p.m. Also i availed a housing loan for purchase of flat. can i claim Both HRA & Housing loan interest for my salary TDS calculation.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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01 June 2013 You live in your own house
You have taken a home loan and residing in the house purchased with it. Since you are residing in your own house, you will not be able to claim HRA. However, you will be able to claim tax benefits on both the principal and interest repaid on the home loan.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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01 June 2013 In case the new house is under construction and not habitable you can claim both HRA and Housing Loan interest

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