Can you claim HRA and Interest on Home Loan together?
Income Tax Act allows a deduction for HRA as well as interest paid on the home loan. However, both deductions can be claimed in the same financial year in certain situations. In this video, we have discussed few scenarios in which you can claim both of them together.
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0:00 Introduction
1:19 What is HRA?
1:32 What is Home Loan?
1:52 Can you claim HRA & deduction on Home Loan Interest together?
4:20 Can you claim deduction for rent amount paid if HRA is not a component in you salary?
5:25 Wealth cafe Advice
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