31 August 2016
can you tell me how much tax ill save if i take up a housing loan?
lets assume the total housing loan amount is 80 lakhs and im paying an emi of 68,000 per month.
31 August 2016
Dear shashank,
You Can Save interest amount upto Rs 200000 if house is self occupied and there is no limit if it's let out.
Hope your query is resolved
Kindly like if my response has helped you
31 August 2016
Dear Shashank,
If u r purchasing a flat than interest upto 2 laks is allowed.
For construction interest will be allowed only after completion of construction
Hope your query is solved
01 September 2016
Dear Shashank,
I have already explained max tax u can save for income of 200000.
Actual tax saving would depend upon your total income
Hope your query is resolved
CAclubindia
