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difference between section 80ee and 24b

saurabh sawlani (2191 Points)

25 April 2018

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Rahul Prajapati (Student) (2282 Points)
Replied 25 April 2018

In both the section one can claim deduction for interest paid on loan taken for house property.

Section 80EE deduction is over and above the Rs 2 lakhs limitunder section 24 of the income tax act.

If you are able to satisfy conditions of both Section 24 and Section 80EE, both the benefits shall apply to you. First exhaust your limit under section 24 and then go on to claim the additional benefit under section 80EE. Therefore, this deduction is in addition to Rs 2 lakhs limit under section 24.

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manoj (student) (5205 Points)
Replied 25 April 2018

First you have tp c;aim section 24 then if amount remain unutilize then section 80ee will be efective

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saurabh sawlani (2191 Points)
Replied 25 April 2018

thanq for dis info.

K Kumar (2 Points)
Replied 16 July 2019

IS IT NECESSARY TO FIRST EXHAUST THE LIMIT OF SEC 24 AND THEN USE LIMIT OF SEC 80EE?

Ritik Chopra (student) (8128 Points)
Replied 11 March 2021

If you are able to satisfy the conditions of both Section 24 and Section 80EE of the Income Tax Act, be quick to claim the benefits. First, exhaust your deductible limit under section 24, which is Rs. 2 lakh. Then go on to claim the additional benefits under section 80EE. Therefore, this deduction is in addition to the Rs 2 lakh limit allowed under section 24.