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Hra and home loan scenario 2
can I claim HRA and home loan together in income tax file
Replies (2)
Yes interest on loan u/s 24(b) can be claimed upto 2 lakhs rupees and principal repayment can be claimed u/s 80C and interest on loan for self residential purposes can be claimed u/s 80EEA upto 1.5 lakhs rupees over and above 2 lakhs rupees
Both will be allowed only if your place of employment and the location of house purchased are situated in two different cities.
If they're both located in the same city, then HRA would not be allowed, and only home loan can be claimed.
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