am staying at my parents place and claiming the HRA (company provides Rs. 12500 PM) , parents show that in their other income and pay tax. We got overall benefit on tax slab as i am with 30% slab and my parents on 10%. House on their name and they have built it.
I have invested/planned to purchase 3 house. 2 are in same city and 1 in different.
House 1 : interest pay per annum is 1,54,692.00 (12,891 pm). Located in same city (outskirts of city) , but in near future BDA palnned to expand to those area also.
House 2 : interest pay per annum is 1,69,596.00 (14,133 pm). Located in same city (outskirts of city) , but in near future BDA palnned to expand to those area also.
House 3 : interest pay per annum is 1,05,996.00 (8,833 pm). Located in different city.
Please explain me how to save maximum tax on principal and interest on above property and also from HRA.