How much interest of HBL loan can be claimed for deduction
Replies (6)
Quick Summary
This discussion clarifies the tax deductions available for HBL loan interest. You can claim up to ₹2 lakhs under Section 24(b) for 'Income from House Property'. Additionally, Section 80EEA allows for a further deduction of up to ₹1.5 lakhs, bringing the total potential deduction to ₹3.5 lakhs. The option to enter the Section 24(b) deduction is found within the 'Income from House Property' section during tax filing.