Home loan deduction u/s 80c and loan interest u/s 24b
This query is : Resolved
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)
let me know maximum how much deduction is available against interest on home loan as per section 24(b)
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
80C MAXIMUM DEDUCTION RS.150000/-ALLOWED
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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