Dear Sir

My yearly salary is Rs 4,80000 P.A

I am working in delhi and i have purchase a house in jaipur through HDFC home lone
Principal Amount – Rs 87000 & Interest is 22000

can i Get benefit of my HRA & home lone both things.

pl advise what i should do for saving my income tax


Admin’s Response:

You would be entitled claim u/s 10(13A) of act from HRA as applicable in your case. The home loan Principal is deductible up to Rs. 1.00 lac u/s 80 C and interest u/s 24(b) up to Rs. 1.50 lacs as per the provisions applicable.