Interest on loan 80EEA
This query is : Resolved
Deepak Londhe
(Querist)
13 August 2024
How can I avail 80EEA interest deduction in below scenario.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-
As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)
In short I want to understand how can I use this 80EEA section deduction.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-
As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)
In short I want to understand how can I use this 80EEA section deduction.
Dhirajlal Rambhia
(Expert)
13 August 2024
Yes, all these deductions can be claimed simultaneously, under Old tax regime, provided the housing loan taken during the period between 1 April 2019 and 31 March 2022 under affordable housing scheme.
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