Claim Both HRA and Housing Loan

Claim both house rent allowance and tax exemption on housing loan   If you are a salaried individual enjoying House Rent Allowances (HRA) from your employer and also own a residential house, then you can have an option to avail the deduction of both (a) HRA and (b) Housing Loan … Continue reading

PAN Card of Landlord is compulsory for HRA benefit

If you are claiming HRA deduction and Rent exceeds Rs 15000/- pm then you are required to give PAN number to your employer. This is a recent requirement as per Circular No. 05-2011 Dated 16-8-2011. In absence of PAN of landlord, you will be required to submit the appropriate declaration … Continue reading