I have taken home loan of Rs 7,50,000/- rom my organisation and constucted my house. This home i have given on self lease to my organisation and i am staying in this house with my family. My organisation gives me Rs 7280 pm as self Lease charges and Rs. 14560 per annum as maintenance charges. It deducts Rs. 900 pm as HRR. My basic pay is Rs 23300 and DA Rs. 11,500/. But after including various allowances my gross annual salary becomes Rs 700000/- plus. with new law kindly explain me the tax implication.
