Income from salary.

This query is : Resolved

sai prasad (Querist)
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27 June 2013 I have small query.

Can a xyz employee claim HRA
Under Allowance
1) HRA

2)XYZ declares income from house property for one house only.

3) Can he claim "Interest on Housing loan" which is below 25 lakhs.

4) Claiming Under Sec 80C (Max 1,00,000)
Part payment of housing loan 50% above amount as principal payment of housing loan.

Can XYZ employee claim all 1,2,3 & 4 Points from his income from salaries as he declares to employer.

Regards

Guest

Guest (Expert)

27 June 2013 There is no restriction under the Law.

A person can claim HRA exemption, Interest on housing loan and Principal payment of Housing loan.

Different sections provides such deductions and no sections provides any restriction on another section