Deductions on home loan and house rent paid
This query is : Resolved
18 January 2014
Dear Sir
One of our employee has taken housing loan in Delhi. We are giving him principle and interest deductions on the same in his TDS computation on salary.
Our Company paying hra allowance and is situated at Mumbai and therefore our employee is leaving on rent here. He has produced house rent receipts etc. and requested us to give rebate on hra also.
Can employee get house rent deduction and home loan principle and interest deduction both ?
Thanks and regards
Arun
One of our employee has taken housing loan in Delhi. We are giving him principle and interest deductions on the same in his TDS computation on salary.
Our Company paying hra allowance and is situated at Mumbai and therefore our employee is leaving on rent here. He has produced house rent receipts etc. and requested us to give rebate on hra also.
Can employee get house rent deduction and home loan principle and interest deduction both ?
Thanks and regards
Arun
18 January 2014
refer: http://www.firstpost.com/investing/you-can-claim-both-hra-and-interest-paid-on-home-loan-as-tax-deductions-521391.html
http://profit.ndtv.com/news/your-money/article-home-loan-and-hra-how-the-tax-works-out-317314
Thanks
http://profit.ndtv.com/news/your-money/article-home-loan-and-hra-how-the-tax-works-out-317314
Thanks
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