I am a bank staff. I availed home loan last year and paying EMI. total portion of the EMI is credited towards principal amount and interest accrued is added to the remaining principal amount . this is because I am a bank staff.
now my doubt is whether I am eligible to claim deduction of my EMI s in section 80EE ?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2019
Yes... If You are eligible as per sec 80EE.
Ramakoti Amara
(133 Points)
Replied 21 August 2019
that's what my doubt is. Am I eligible or not as per the details given above.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2019
Your query is just simple no more details about your house & loan... Please read sec 80EE eligible in the following link....
https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan
Kamal Verma
(Financial advisor)
(582 Points)
Replied 21 August 2019
Section 80EE - Deduction on Home Loan Interest
Tax deduction under Section 80EE of the Income Tax Act 1961, can be claimed by first-time home buyers for the amount they pay as interest on home loan. The maximum deduction that can be claimed under this section is Rs. 50,000 during a financial year. The amount can be claimed over and beyond the deduction of Section 24 and Section 80C, which are Rs. 2,00,000 and Rs. 1,50,000, respectively.
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