Those with a house mortgage might prefer the old tax regime, as it nonetheless allows many deductions not available underneath the model new regime. A joint house mortgage can help maximize tax benefits for each borrowers. If you go for the old tax regime, HRA exemption is only obtainable if you’re dwelling in a rented house. The PAN of the landlord needs to be submitted if the rent is greater than 1 lakh each year. If you meet certain circumstances, you can claim each HRA and deduction on home loan curiosity. read more