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I do not understand of 80c and section 24


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2014 I Do Not Understand of Interest And Amount of Principal of Housing Loan (80c & Section 24).I Mention Detail of My Income And Deduction For The Financial Year of 2014/15 So Please Calculate of My Income Tax Paid.

Example.: total Income 700000
LIC 120000
PPF 30000
Housing Loan Interest 100000
Housing Loan Principal 100000

10 July 2014 int paid will be under sec 24(b)
principal amount under sec 80C.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2014 Please calculate my income tax




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