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Home loan deduction u/s 80c and loan interest u/s 24b

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(Querist)
03 May 2016 Respected Sir /mam

let me know maximum how much deduction is available against interest on home loan as per section 24(b)
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
03 May 2016 The interest component of home loans is allowed as deduction under Section 24 B for up to Rs2 lakh in case of a self-occupied house,If you have property which is rented out, you can deduct the full interest paid on the home loan.
80C MAXIMUM DEDUCTION RS.150000/-ALLOWED
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Rupesh Jain

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Rupesh Jain (Expert)
03 May 2016 intt. on house loan u/s 24(b) Rs. 200000/- and loan repament upto Rs. 150000/- u/s 80C




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