housing loan tax benefit

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shashank (Querist)
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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.

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ACA Anurag

ACA Anurag (Expert)
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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

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shashank

shashank (Querist)
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31 August 2016 what if I am purchasing a flat or constructing an house

ACA Anurag

ACA Anurag (Expert)
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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

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ACA Anurag

ACA Anurag (Expert)
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31 August 2016 Hope your query is resolved Kindly

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shashank

shashank (Querist)
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01 September 2016 I want to know how Much I'll save based on my salary and tax component...😀

ACA Anurag

ACA Anurag (Expert)
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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

shashank

shashank (Querist)
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01 September 2016 ok sir thank u

ACA Anurag

ACA Anurag (Expert)
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01 September 2016 Dear Shashank, You are always welcome Hope your query is resolved Kindly like if my response has helped you

shashank

shashank (Querist)
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01 September 2016 assuming my total income is two lac then how much I can

shashank

shashank (Querist)
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01 September 2016 sorry assuming my total income is around twenty lac then whT ll be the case