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matter of home loan

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Guest (Querist)
29 June 2011 good afternoon sir\madam
, can u plz tell me if I take a home loan . And my monthly emi 5000 per month than can take deduction( 5000 *12= 60000) of it. Plz mam
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
29 June 2011 For the principal portion of EMI you will get deduction upto Rs 100000/-(together with other eligible investments) under setion 80C.

On interest portion of your home loan you will get deduction upto Rs 150000/- under section 24.

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