matter of home loan
This query is : Resolved
Guest
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
, 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
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.
On interest portion of your home loan you will get deduction upto Rs 150000/- under section 24.
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