I am an Employee of one of Pvt Co, working at Factory Site( Out skrit of City ) 80 km from my Own Resident.( Which is under Home Loan and Paying EMI also ). and Where My Family also staying .
Due to so far distance , I have taken one small flat near the Factory site , use to stay almost 3 days in week . which I use to pay Rs.7000 /-p.m.
so you please advise , can I take both type of Tax Exemption in my Tax Calculation. and If Yes under what section of Income tax will be applicable.
CAclubindia
