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Salary tds

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(Querist)
06 February 2016 what is the tax benefit for repairs/renovation loan payment from salary ?
(Interest and principal)
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
06 February 2016 if it is Housing Loan taken from bank, Principal you can consider under Chapter VI , and in interest u/s 24
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Pawan Kumar Sharma

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Pawan Kumar Sharma (Expert)
06 February 2016 I think no benefit available in case of interest free loan payment to the employer, even Interest @18.50 P.A. on loan (reducing) will be consider for employee income computation.



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praful

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praful (Querist)
06 February 2016 WHAT IS THE MAXIMUM AMOUNT OF TAX BENEFIT TOWARDS INTEREST AND PRINCIPAL ?

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