Deduction of 24 (b)and 80c
This query is : Resolved
23 June 2015
Having medical premium of 40000 and interest and pre-EMI interest on home loan is 1.20 lacs and prinicipal amount payment is 60000.
Please tell me the amount to claim in 80 C and in 24 (b)??
Total deduction in 24(b) and 80C?
Please tell me the amount to claim in 80 C and in 24 (b)??
Total deduction in 24(b) and 80C?
CMA Ramesh Krishnan
(Expert)
23 June 2015
Only Principal repayment of Rs.60000 is eligible for 80. medical premium eligible u/s.80D and pre EMI premium, if house property construction completed you can avail u/s.24(b) fully maximum of Rs.1.50 lakhs (if Self occupied property)
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