HRA and Housing Loan deductions from salary

Hi ,

Would like to know if it is possible for a salaried employee to claim deductions of  the following at the SAME time: I -  HRA that forms part of the package & II - Housing Loan interest and principal payments. Looking forward to the valuable feedback of the learned members on the forum.

Dear  Gajanand & Bharat.

It is possible to claim both, but not in respect of the same house.

The house must be different than your own house,  as for getting the benefit of HRA , payment of rent is a

necessary condition.

Residing in your own house not rent is being actually paid and hence entire HRA amount will be taxable. Of course , on this condition you may receive HRA.