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Deduction for HRA and Repayment of housing loan

Posted @ February 26, 2019, 12:10 am under (Payroll Outsourcing & Taxation)

An employee can claim HRA exemption as well as the deduction for home loan repayment if he owns a house which has a home loan and lives in another house on rent provided employee has a good reason for not living in own house. The reasons could be as follows:

  • When someone owns a house in another city
  • When own house is under construction
  • When a person owns a house but is unable to move in due to any reason.
  • When a person resides in a rented house and rents his own house. 

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