If it is a jointly owned property, tax benefits can be claimed on the basis of your share of the home loan services rendered by you and not on your percentage of the property. Under Section 24(b) an employee can claim a deduction of up to INR 2 lakh in the interest of home loan ...
If your HRA has not been accounted in Form 16, you can still claim it by using the calculation of HRA shown earlier. As the HRA was not claimed, taxable income would be more hence employer would have deducted tax on it. Now when you claim it in ITR you tax liability would get reduce...