Can You Claim HRA and Home Loan Both? — Calculator
Yes, you can claim both HRA exemption (if renting) and home loan deduction (Section 24b up to ₹2L interest + 80C for principal) if you own a house in one city and rent in another. Both benefits can co-exist under the old regime.
HRA Exempt (Tax-Free)
₹1,80,000
HRA Taxable
₹1,20,000
HRA exemption = minimum of: (1) HRA received, (2) 50%/40% of basic for metro/non-metro, (3) Rent paid minus 10% of basic. Only applicable under Old Tax Regime.
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