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Simply Save | ITR filing - Know all the tax benefits linked to home loans and HRA

Despite being commonly-claimed tax benefits, many tax-payers are not fully aware of tax rules related to home loans and house rent allowance (HRA) that can result in under-utilisation of tax breaks offered. Tune into Simply Save to know all about tax benefits and rules related to housing and accommodation before you file your returns.

August 02, 2022 / 11:04 AM IST

If you are a tax-payer who has not filed her income tax returns for the financial year 2021-22 yet, you are likely to have only this task on mind this week.

After all, the due date for filing income tax returns for the financial year 2021-22 – July 31 - is almost here. Any further delay on your part would mean shelling out late-filing fees of Rs 5,000 besides having to deal with other monetary financial inconveniences.

So, if you haven’t complete the exercise already, you need to hurry up before the rush to file returns leads to technical glitches on the official e-filing portal and thus, delays.