HRA & Home Loan: Claim Both? Expert Reveals Tax Rules

• Taxpayers can claim both HRA exemption and home loan interest benefits simultaneously if conditions are met.
• HRA exemption is available only for the period rent is actually paid for a non-owned, occupied residence (e.g., till September 2025).
• Home loan interest under Section 24(b) can be claimed for the entire financial year of possession, regardless of the date.
• Pre-possession interest can be claimed in five equal annual installments starting from the year of possession.
• Both HRA and self-occupied home loan interest benefits are only applicable under the old tax regime.

Why It Matters: Claim HRA & home loan interest together under old tax regime, meeting specific conditions.