Land and building-tax benefit-salaried individuals.

Dear Madhusudhanan, As per Sec-24(b) interest paid for acquiring any property shall be allowed in case property is used for own residence:- upto Rs. 1,50,000 in case the assessee provide a certificate from the borrower or upto Rs.30,000 in case no certificate has been provided. However if the property rented than whole interest amount is allowed to be deducted.