Answer

1. F

   Facts

   Yes. If you work and rent in one city while your own house is elsewhere, you can claim HRA exemption and home loan interest together under the old regime.

2. P

   Provisions and law

   • Sec 10(13A), Income-tax Act 1961 (now Sec 11 (Schedule III, Table Sl. No. 11))HRA exemption is the least of actual HRA received, rent paid minus 10% of salary, and 50% of salary in Delhi, Mumbai, Kolkata or Chennai or 40% elsewhere.
   • Sec 24(b), Income-tax Act 1961 (now Sec 22(1)(b))Home loan interest on a self-occupied house is deductible up to ₹2,00,000 under the old regime.
3. A

   Analysis

   For example, you rent in Mumbai for work and own a flat in Pune, which is vacant or used by family. HRA is computed on Mumbai rent, and the Pune flat's interest up to ₹2,00,000 is claimed if it is self-occupied, or fully against rent if let out. Claiming both for the same city is harder to justify and invites questions.

4. C

   Conclusion

   1. 1Confirm your work city and the house's city.
   2. 2Compute HRA on rent paid.
   3. 3Get the home loan interest certificate.
   4. 4Claim interest under house property.
   5. 5Keep proof of both arrangements.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.