Home loan amount


Accounts Officer

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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KVO Merau Kutchh

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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