the Qs
the Qs

Can I claim HRA tax exemption and deduction on home loan interest as well at the same time?

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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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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.
Rectangle 5937

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!
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Recent Posts

ESOP

An explainer on NBFCs, their types, how they differ from banks, and how they help individuals access quick and flexible loans.

Who pays taxes to the government?

A snapshot of India's direct and indirect tax collections in FY24, and the states contributing the highest and lowest taxes.

Should you buy or rent a house?

It's been a hot topic since 1990's and still none of us know the exact difference or what's the right choice. Let's change that!

Expense Ratio

An explainer on how a small charge called the expense ratio can quietly eat into your mutual fund returns—especially over the long run.

How the rich save taxes?

A peek into how the rich save taxes—featuring smart strategies explained with examples to help you keep more of what you earn.

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Tax Saving Strategy, Personal finance course, Finance with Dime, Financial freedom guide, Wealth-building strategies, Investing tutorials, Financial planning tools, Interactive finance classes, Finance community app, Master personal finance, Step-by-step guide to financial freedom,Tax-saving strategies', Mutual fund SIP guide, Income tax calculator,Best investment plans for 2024, NPS tax benefits, HRA tax exemption guide,Equity vs. debt mutual funds, How to file ITR online, Tax-free income sources, Old vs. new tax regime comparison, Top-performing SIPs in India, Retirement planning tips, Financial planning for millennials, Budgeting tips for professionals, Government schemes for senior citizens
Tax Saving Strategy, Personal finance course, Finance with Dime, Financial freedom guide, Wealth-building strategies, Investing tutorials, Financial planning tools, Interactive finance classes, Finance community app, Master personal finance, Step-by-step guide to financial freedom,Tax-saving strategies', Mutual fund SIP guide, Income tax calculator,Best investment plans for 2024, NPS tax benefits, HRA tax exemption guide,Equity vs. debt mutual funds, How to file ITR online, Tax-free income sources, Old vs. new tax regime comparison, Top-performing SIPs in India, Retirement planning tips, Financial planning for millennials, Budgeting tips for professionals, Government schemes for senior citizens

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!
Enroll Now

2000+ People have already saved Taxes

Tax Saving Strategy, Personal finance course, Finance with Dime, Financial freedom guide, Wealth-building strategies, Investing tutorials, Financial planning tools, Interactive finance classes, Finance community app, Master personal finance, Step-by-step guide to financial freedom,Tax-saving strategies', Mutual fund SIP guide, Income tax calculator,Best investment plans for 2024, NPS tax benefits, HRA tax exemption guide,Equity vs. debt mutual funds, How to file ITR online, Tax-free income sources, Old vs. new tax regime comparison, Top-performing SIPs in India, Retirement planning tips, Financial planning for millennials, Budgeting tips for professionals, Government schemes for senior citizens

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