Income tax exemption against house property

prosanta bordoloi (AAO) (83 Points)

20 February 2013  

One of our employee has two houses and two separate house building construction loan , loan interest of the first house comes to Rs 1.4 lacs and the second house comes to Rs 1.3 lacs , can he get interst subsidy (beyond 1.5  lacs) against the two houses ? 

Pl reply