Home loan deduction
This query is : Resolved
26 July 2011
HI ALL my client had taken a loan for home this year he has paid interest of 178860 with principle of 188818. moreover he has mediclaim for 4000 which is deducted u.s 80d and lic of 44000 rs i want to know what will be his total deduction from income u/s 80c and 24(b) for interest paid for home loan
kindly help
thanks
rana
kindly help
thanks
rana
26 July 2011
Interest u/s 24(b)Rs.1,50,000/-
Principal u/s 80C 1,00,000/-( presuming that principal repaid is Rs.1,88,818/-).
Mediclaim u/s 80D 4,000/-
Principal u/s 80C 1,00,000/-( presuming that principal repaid is Rs.1,88,818/-).
Mediclaim u/s 80D 4,000/-
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