I currently invest 1 lakhs /annum in PPF and LIC insurance. I propose to take a home loan and build a house outside my current resident city at my uncle's premises. I currently am salaried and get HRA and stay in rented home. I wished to know what is the max tax benefits i can get or is it 1.5 Lakhs/annum the max benefits inclusive of PPF and LIC premium's paid by me. Secondly, if i plan to buy an apartment in my current location should i go for ready to occupy or under construction home, which gives better profits? and how will that affect my current HRA ? Thanks in advance.
