RE:Tax Saving
by Ashok Das on Apr 20, 2007 05:43 PM Permalink
Put Rs.1.00 lakhs in tax savings investment. Rs.15,000 as mediclaim premium. You can avail tax relief applicable to Home loan for your residential accommodation. If your present place of posting is other than the place of your residential accommodation you will get relief applicable to HRA
RE:Tax Saving
by Shilpa Karambelkar on Apr 20, 2007 05:45 PM Permalink
Yes you can avail homeloan tax benefit and HRA both. However the location of your Property and work place should no be in the same city. Do contact your CA to plan for the best tax saving options that will suit you. Not necessay that Home loan's is the best option in today's increased loan rates. All the best.
RE:Tax Saving
by AMIT KUMAR on Apr 20, 2007 06:40 PM Permalink
There is an exception to what Shilpa puts here. There should not be situation like that of Delhi-Noida or Delhi-Ghaziabad or any other Geographical combination where the cities as well states are different but the geographic distance is not much. There might be problems raised. Anyways consult your CA first.
