the Qs
the Qs
Can I claim HRA tax exemption and deduction on home loan interest as well at the same time?
Yes, Reshma, you can claim both HRA and home loan interest deductions under specific conditions:
If you have a house loan and live in a rented home in a different city.
If you rent a home in the same city for genuine reasons, like your child’s education.
If you have a home loan for an under-construction property and live in a rented home; you can claim the home loan interest deduction after construction.
If you rent out your own house and live in a different rented accommodation.
All these scenarios allow both claims.
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Join 12,000+ readers who receive practical and actionable insights decoding Personal Finance right to their mail box to learn all about money!
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the Qs
Can I claim HRA tax exemption and deduction on home loan interest as well at the same time?
Yes, Reshma, you can claim both HRA and home loan interest deductions under specific conditions:
If you have a house loan and live in a rented home in a different city.
If you rent a home in the same city for genuine reasons, like your child’s education.
If you have a home loan for an under-construction property and live in a rented home; you can claim the home loan interest deduction after construction.
If you rent out your own house and live in a different rented accommodation.
All these scenarios allow both claims.
Get access to Personal Finance Insights you will actually want to read!
Join 12,000+ readers who receive practical and actionable insights decoding Personal Finance right to their mail box to learn all about money!
No Spam. Only Finance
No Spam. Only Finance
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Why join Dime's Tax Strategy Masterclass?
Comprehensive
Practical
Case Studies
This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.
Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.
Thousands have benefited you can too!
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