Hi,
Can employee claim tax benefit on both if they own flat in city of employment and stay on rented house in same city?
Hi,
Can employee claim tax benefit on both if they own flat in city of employment and stay on rented house in same city?
Yes u can claim both tax benefits on rented and own flat.
adding to @C0025 suggestions, In case your employer is not ready to give tax benefit on both – you can claim HRA tax benefit from employer and claim tax benefit on Home Loan while filing your Income Tax return.
Thanks @Bhuvana_Anand for the additional suggestions here