Tax Tips by Experts
(Last Updated On: November 27, 2017)
Tax Saving FDRInvest Rs.1,50,000 for maximum benefits u/s 80C.
Don’t forget to submit the rent receipts and rent agreement to the employer. However, even if you forgot to submit rent receipts, you can still claim HRA while filing your IT return.
If you are paying rent of more than Rs. 5000 per month in cash, then ensure rent receipts are affixed with revenue stamp.
You can claim both. If you have bought a house with the help of a home loan and live in another house on rent, you can claim tax benefit for both. But if the house you bought and the house you live in are in the same city, you should have a genuine reason for not living in the house that you own.