Levy fees on Housing laon

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Anil Kumar Kedia (Querist)
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28 July 2009 My question is : Repayment of housing loan taken from LIC is paid in full and final dues before maturity, and LIC charge levy fees , Is it exempted under Interest charges . And other question is : The repayment is paid before maturity , is the whole amount is deductable under 80C or what extent. Please clarify me.
Thanks.

CA.Nikhil Gupta

CA.Nikhil Gupta (Expert)
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28 July 2009 Repayment is allowed under section 80 C with upper limit of 1,00,000/-. So, u can claim the benefit only upto max of 1 lac.

Repayment made before maturity doesn't affect the benefit allowed. the extent is 1 lac only for pricipal repayment. for interest paid on loan, u can claim benefit u/s 24 b upto Rs 1.50 lac