A question that most salaried taxpayers face is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. Know in detail.
ITR Filing (Representative Image)
As the time has come for ITR Filing AY 2025-26 and you might have been starting the process of filling your Income Tax Return, you might have been facing a plethora of questions. A question that most salaried taxpayers face is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. Yes. You can legally claim both benefits at the same time if you live on rent and also pay a home loan.
It is not against the law and both HRA and home loan interest deductions can be claimed under certain conditions.
1. You can claim both benefits if you own a house in one city and have a job in another city, where you live on rent, you can claim both deductions — both HRA and home loan interest.
2. If your office is very far from your residence and you can not live there due to long distance and traffic, you live on rent. You can claim both deductions if you have a valid reason like this and you can prove it.
3. If you have rented out your home, say, for investment purposes and live in a rented home, you can still claim both benefits of the HRA and deductions of home loan interest.
Documents required
For HRA, you need to submit a rent receipt, rent agreement and landlord’s PAN num
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