You could allege write-offs on your income tax up against dominating and you will attention repayments that you build into the cost of your home money. The sort and you will amount of income tax deduction readily available up against repayment out of Home loan is governed of the applicable Income tax Guidelines out of Bodies out of India.
Class
Senior citizen Low Senior citizen Annual earnings Income shall be for the ranging from 1L to help you 15Cr Desire reduced into the financial Attract Repaid around 0 in order to 15Cr Dominant paid on the home loan Idea Reduced in between 0 to help you 15Cr
- Taxation Work with
` 0
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