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Max Limit of House Loan Amount..!!

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2009 To All,

I want to know , what is maximum limit of Housing Loan amount coming in under section 80C or other deduction from Income Tax on Salary ,if someone is claiming amount…give below …
1) Principal Component – 76,023.00 (In 80 C)
2) Interest Component - 221096.00 (House/property income or loss (enter loss as negative)
Can you please tell me can I consider this full amount in his exemption….

Tx
Raghwendra Singh
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 December 2009 Principal amount coming under 80C the maximum celling altogether Rs.1 lakhs

But Housing Interest

MaximuM Rs.150000/- for self occupied

& For let out - No Limits
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
23 December 2009 Agree in 80C 76023 is ok but for interest portion max. 150000 or for let out no limits.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
23 December 2009 for self occupied house property - max. interst limit Rs. 1,50,000.
for let out house - no limit for interst.
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