Max Limit of House Loan Amount..!!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2009
To All,
I want to know , what is maximum limit of Housing Loan amount coming in under section 80C or other deduction from Income Tax on Salary ,if someone is claiming amount…give below …
1) Principal Component – 76,023.00 (In 80 C)
2) Interest Component - 221096.00 (House/property income or loss (enter loss as negative)
Can you please tell me can I consider this full amount in his exemption….
Tx
Raghwendra Singh
I want to know , what is maximum limit of Housing Loan amount coming in under section 80C or other deduction from Income Tax on Salary ,if someone is claiming amount…give below …
1) Principal Component – 76,023.00 (In 80 C)
2) Interest Component - 221096.00 (House/property income or loss (enter loss as negative)
Can you please tell me can I consider this full amount in his exemption….
Tx
Raghwendra Singh
23 December 2009
Principal amount coming under 80C the maximum celling altogether Rs.1 lakhs
But Housing Interest
MaximuM Rs.150000/- for self occupied
& For let out - No Limits
But Housing Interest
MaximuM Rs.150000/- for self occupied
& For let out - No Limits
23 December 2009
Agree in 80C 76023 is ok but for interest portion max. 150000 or for let out no limits.
23 December 2009
for self occupied house property - max. interst limit Rs. 1,50,000.
for let out house - no limit for interst.
for let out house - no limit for interst.
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