- Can we avail tax benefits of HRA along with a home loan?
- Are we eligible for a HRA claim in case you stay with your parents and pay rent to them?
- Does HRA fall under 80C?
- Does HRA claim include electricity & maintenance charges of the house?
–> Yes, you can avail tax benefits of HRA along with a home loan
–> In case you stay with your parents, you are eligible to pay rent to your parents and collect a receipt for HRA claim. However, similar rules don’t allow you to pay rent to your spouse and claim a tax exemption.
–> No, House Rent Allowance falls under Section 10(13A).
–> No, HRA is paid towards rent only. The maintenance charges are not considered as the landlord’s earnings to be calculated for his/her income tax. The electricity charges are not considered as the landlord’s earning since it is paid to the electricity provider