House loan principles deduction under u/s 80C

How much House loan principles can deduct under u/s 80C.
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Quick Summary
You can claim a deduction for the principal amount repaid on your house loan under Section 80C of the Income Tax Act. The maximum deduction allowed under this section is £1.5 lakh per financial year. This deduction helps reduce your taxable income by the amount of principal you've paid off.

Repayment of principal amount is deductible upto rs.150000 per year
Chapter v1 sec 80 c max rs.1.5 lacs.

Repayment of principal amount is allowable deduction under sec 80C, and this section has restriction up to Rs. 1.5 Lakh

 

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