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GOV.EMPLOYER

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(Querist)
28 January 2011 Dear sir,
A gov.employer taking housing loan and property given on rent housing loan/int. exmpted in income tax and rent income valid in 30% deduction in tax calculation
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
28 January 2011 30% deduction and Interest deduction is allowed.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
28 January 2011 In addition to the above 2 benefits , you are entitled to claim Deduction U/s 80C for the amount of principal loan amount repayment.
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