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Interest deduction on home loan

This query is : Resolved 

In our organization one of the employee has two home loans one is in Lucknow (own place) the another one is in hyderabad(work place). Lucknow house is letout and hyderabad house is self occupied. But he is paying interest 2.5 lacks for lucknow house and 2.5 lacks for hyderabad what is the maximum deduction under home loan interest please clarify to me. thanking you

1. Let out property , no limit

2. Self occupied 2,00,000.

Thanking you sir can I take Interest 2.5 lakhs for let out and 2 lakhs for self occupied total 4.5 lakhs under 24(b)?

Dear Sir

After Changes in Income Tax Law, Now both for Self Occupied and Let Out Property, Interest Limit is restricted to Rs.2,00,000/- Only. Maximum Interest Allowed is Rs.2,00,000/- Per Annum under Section -24. However, Excess Interest Paid Can be carried forward for Next 8 Years

@ Sharma Ji

My observation was confined to 24(b) only while you combined 24(b) with 71(3A)
ie all.

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