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Can you get Tax Deductions for Both HRA and Home Loan Interest Simultaneously?
Posted by Tarun Kumar Madaan
26 May 2023
9303 Views
House Rent Allowance (HRA) is an allowance employers provide to cover the expenses of rented housing for employees. The Income-tax Act allows for an exemption on HRA if an employee resides in a rented house. Additionally, the Act permits a deduction on the interest paid by an individual taxpayer on a home loan.
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