interest on housing loan

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hi sir

I am a salary employee .
I taken housing loan and constructed its self accufied house.

how is deduct my housing loan interest amount

example:

principle amount RS. 1500000

interest rs. 150000

how much amount I can claim this financial year?

I can claim which section?


thanks

R.Suvitha
Replies (3)

Under sec. 24(b) of IT act, you can claim upto 2 lakhs, so full interest deduction will be available to you.

Give these details to your employer.

dear sir,
is available principal amount deduction?

Yes. Principal amount repaid (as per loan repayment statement issued by banker) is available for deduction u/s. 80C.

Refer::: tax-benefit-on-home-loan-interest


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