Deduction under section 24(b)of Income from House Property.

The net income from both the properties calculated separately as per sec 22 of IT act, is aggregated under head IFHP.

From AY 2018-19..... the maximum loss under the head IFHP that can be adjusted under any other head in an AY is Rs. 2,00,000/- ........  However, the loss which couldn’t be set off can be carried forward for set-off in subsequent years. It can be carried forward for 8 Assessment years for set-off

Hai Vijay,

For Self Occupied property:Maximum of 2,00,000 can be claimed as deduction as interest after satisfying the following conditions

1) The construction of Propertyis completed with in 5 years form the end of Financial year in which the capital was borrowed

and

2) Certificate from the lender specifying interest payable 

If the above conditions are not satisied you can claim maximum of 30,000

For Letout Property:There is no restriction on interest amount you are claiming.

But from FY 2017-18(AY 2018-19)  there is amendment in the Act restricting the loss on house property to 2,00,000 from all the properties can be adjusted aganist other heads of income.(if you have loss under the head Income from House Property)

Yes you can claim deuction u/s 80EE subject to satisfying the conditions.