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Income tax interest subsidy

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(Querist)
03 May 2013 Presently i am liveing in 1 bhk with no any home loan of any financial institute.
in last dec 12, i purchase flat for 32 lakhs. Now i want to shift in newly purchased flat and rent out present one from 1 may 2013.
This year i will pay 268000 as a interest part,
so, i how i can get tax benifit for above amount.
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srinivas reddy

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srinivas reddy (Expert)
03 May 2013 According to section 24 of income tax in house property you will get deduction up to 150000 ., unless u have to follow the other income tax act conditions .
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