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Housing loanquerry

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(Querist)
24 February 2016 l have housing loan .Bank has given payment certificate of rs 144000 which includes int amount rs85000. please explain it benifit
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Ganeshbabu K

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Ganeshbabu K (Expert)
24 February 2016 Interest paid is claimed as per deduction u/s 24b and principal amount paid on repayment of house loan eligible for 80C
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 February 2016 1. Interest amount Rs. 85,000 can be claimed as a deduction u/s 24(b).

2, Principal repaid Rs 59,000 ( 1,44,000 - 85,000) can be claimed as deduction u/s 80C.
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