Income tax exemption against house property

537 views 2 replies

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 

Replies (2)

He Can get the deduction of interest beyond 1.5 lacs if  one of the property is let out

Interest limit:

Self Occupied: Maximum of Rs.1.5 lakhs

Let Out: No Limit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details