WebNov 24, 2024 · Yes, you can claim HRA for both house rent and home loan interest if you are living in another city. I work in Bangalore where I have a house I rented and I have … WebAug 21, 2024 · HRA is not available under the New Tax Regime. You can claim both HRA and home loan deduction of ₹ 1.5 lakh against principal repayment and ₹ 2 lakh against interest paid, if you are staying in a different city due to job posting. Even if HRA is not part of your salary, you can claim an HRA deduction under Section 80GG.
Guide on Rent Receipts- How at Claim HRA Deduction
WebAccording to income tax laws, there are no legal restrictions vis-à-vis claiming HRA benefits and home loan benefits at the same time. The income tax laws allow you to claim various tax benefits, with respect to … WebMar 16, 2024 · Enter the characters shown in the image. The Income Tax Appellate Tribunal, Delhi, recently ruled that House Rent Allowance (HRA) exemption under the … dinner for fussy eaters adults
HRA Calculator - Online Calculate House Rent Allowance
WebJan 28, 2013 · You took a home loan and your house is now ready for occupation. You have rented the same out while you reside in a rented house. The Income tax act allows you to claim both HRA and home loan benefits. However, in such a case, since you are the recipient of rent because you have let out your own house, that income is taxable at your … WebOct 18, 2024 · If you own an under-construction property while claiming HRA, you can claim the home loan interest paid on such property after getting possession of it. You can even own a house and rent another in the same city, and claim both HRA and home loan benefit. However, the two houses should be at least 35 kilometres apart. WebDec 30, 2024 · As mentioned above, you can claim HRA by creating a rental agreement with your wife. But there are certain guidelines which you need to abide by. Those guidelines are: To claim HRA, you need to enter a legal rental agreement with your wife and pay the rent on a monthly basis. The wife should issue a rent receipt to you after getting the rent … fortnite x stranger things 2022