Salary tds
This query is : Resolved
06 February 2016
what is the tax benefit for repairs/renovation loan payment from salary ?
(Interest and principal)
(Interest and principal)
KAVIRAJA ADDANGADI
(Expert)
06 February 2016
if it is Housing Loan taken from bank, Principal you can consider under Chapter VI , and in interest u/s 24
Pawan Kumar Sharma
(Expert)
06 February 2016
I think no benefit available in case of interest free loan payment to the employer, even Interest @18.50 P.A. on loan (reducing) will be consider for employee income computation.
06 February 2016
WHAT IS THE MAXIMUM AMOUNT OF TAX BENEFIT TOWARDS INTEREST AND PRINCIPAL ?
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