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
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interest on housing loan
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?
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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