Hra - housing loan - exemption - reg.

Dear Sir

The principal amount paid by the employee wil come under 80c and max limit is 1lakh.

Secondlly interest paid on principal will come under income from house property, under sec 24B. So he can claim losses for the same. 

Regards 

He may claim deduction of max Rs. 100,000/- (principal) u/s 80C and max Rs. 150,000/- (interest) u/s 24. 

u/s 24 b

IF Your house is self occupied than interest loss can be claim upto 150000/- u/s 24 b 

if your house is let out than all interest portion can be deducted with out any limit

.

u/s 80 c

the maxium deduction for principal portion  is 100000/- irrespective of whether house is self occupied or let out

u/s 80 EE (applicable from 01/04/2014)

you will get deduction of Rs. 1 lac in financial year 14-15

subject to certain condtions:

i. loan amount should be less than 25 lac

ii. value of property purchase should be of 40 lac or less

iii. loan taken in during 01/04/2013 to 31/03/2014

Dear All,

As per the above discussion, (i.e)person pay Rs. 22,000/- housing loan per month

Principal Rs. 12,000/- and interest would be 10,000/- then

how much exemption will, he can claim for per annum with calculation?

Kindly any help me out! It would be highly appreciate, Thank you!!!!!!!!!!!!