Instalment of home loan
Aaquib Iqbal (29 Points)
18 December 2017
Is instalment on home loan deducted the income tax for individual
2 Replies
Mutyala Satyanarayana
(16 Points)
Replied 18 December 2017
the instalment will be deducted in the standard saving of amount up to Rs. 150000 /- no separate deduction
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2017
Yes... You can deduct the Principal amount in the basis of rs. 1.5lakhs and Interest components u/s 24b Rs. 2lakhs...
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