Income tax planning

Q & A ForumCategory: Tax PlanningIncome tax planning
Sherry asked 8 years ago
Please advise on income tax...
Sherry replied 8 years ago

Can i claim the complete amount of hra 15584 per monthfor tax deduction and also claim home loan

2 Answers
Sreekanth Staff answered 8 years ago
Hi, May I know your queries plz??
Sreekanth Staff answered 8 years ago
Hi, HRA - How much is exempted? The exemption for HRA benefit is the minimum of : 
i) Actual HRA received 
ii) 50% of salary if living in metro cities, or 40% for non-metro cities; and 
iii) Excess of rent paid annually over 10% of annual salary  Is your house property self-occupied?   Related Article : https://www.relakhs.com/self-occupied-property-tax-hra-home-loan/
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