Dear Friends,
Can you please let me know, how much amount will be eligible under income tax?
Principal competent is Rs.57569
Interest component is Rs.326864,
shall i take both principal and interest amounts total 384433/-? for the year 2016-17?
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Home loan amount
Replies (1)
Principal component u/s. 80C Rs. 57569 (along with other investments capped at 1.50 lakhs)
Interest component: Rs. 2.00 lakhs for self occupied and total of 3,26,864/- for let out property (rental income to be offered for tax) (Till Ass Yr. 2017-18)
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