Hi!
I have a self-occupied flat since last three years. My housing loan was from ICICI bank. I withdrew Rs. 1.50 lakh from my EPF account for repayment of housing loan and repaid Rs. 1.75 lakh. Balance loan amount got tranferred to Indian Bank.
My question is wether i will be able to claim tax rebate on the entire amount of repayment of housing loan of Rs. 1.75 lakh or otherwise. Please guide.
Yes u can calaim till Rs. 150000/-
Thanks
principal payment -deduction u/s 80c max upto rs.100000
interest payment under houseproperty
self occupied house --- rental income nil
deduct dedeuction u/s 24 interest on loan
what kind of rebates are avilable for children's education? What about hostal fees, in case staying in private hostal? Tution fees, I persume, are exempted for Unversity education.
Regards
You will get more information on tuition fees, educational loans,etc.
at https://www.payit.in. You can calculate your income tax at https://www.payit.in
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