You may also claim deductions on your own income tax facing principal and you may attention payments you generate to your installment in your home fund. The sort and you will amount of income tax deduction offered facing payment from Home loan is actually influenced by the relevant Income tax Rules regarding Authorities out of Asia.
Category
Senior Low Senior citizen Annual money Money will be in the anywhere between 1L to help you 15Cr Focus paid down for the home loan Desire Paid among 0 to help you 15Cr Dominating paid down towards financial Principle Paid around 0 in order to 15Cr
- Income tax Work with
` 0
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