If you are one of those who i looking to claim Income Tax rebate on home loan as well as Housing rent allowance (HRA) benefits together; than you must check out below information to be on the right side of the law:
- As an assesse if you are residing in the house for which home loan has been taken than you are not entitled for HRA benefits.
- However if you have a house at X place and you are stationed at Z; than due to work conditions or service constraints; the assesse is eligible to avail benefits of HRA as well as benefits of housing loan.
Make sure that you know the complete income tax rebates available on the home loan and squeeze every penny out of the govt as money saved is money earned. Do check the below related posts to get to know the nuts and bolts of the benefits available in income tax law for home loan.
