I am planning to take 2nd housing loan and my first housing loan in near to close.I stay in Hyderabad in govt accomodation and i constructed my first home in Assam where my brother stay.Now i am planning to take 2nd housing loan and trying to put the rent on 2nd house and i will continue to stay in govt accommodation.

Can you please guide how much amount of tax benefit i will get ? Please answer ..i am highly confused and also whether tax advantage may change if 1st housing loan will close