Tds on salary

Well , buddy you have to consider full amount of interest i.e upto 31 march 2016.

section 192 require the company to assume the income of the whole year and according calulate taxable income ( which include income / loss from all head of income as declared by the employee) and then finally calculate tax on taxable income and deduct TDS.

ASSUME income in this manner:

upto 31 december : salary paid 

1 jan to 31 march : NIL

WHEN YOU ARE TAKING FULL YEAR INCOME YOU HAVE TO TAKE FULL YEAR DEDUCTION .

BUT REMEMBER when employee have declared interest on house loan on self occupied house the max deduction u/s 24 can be 2,00,000 only.

Deduction u/s 80C is allowed on ACTUAL PAYMENT BASIS .

therefore there is no way you can consider deduction that have to be made in period of jan to march. 

for example principal repayment b/w jan and march . since it has not been paid yet therefore you cannot consider  it on 31st december.

crux : 80C - APRIL TO DEC