+21 Home Loan Income Tax Exemption 2016-17 Ideas. 50,000 under section 80 ee if you are a first time home buyern interest. The amount paid as repayment of the principal amount of home loan is allowed as deduction under the section 80c of the income tax act subject to the maximum limit of rs 150,000.
TAX 201617 RATE, EXEMPTIONS, DEDUCTIONS AND REBATE FOR SALARIED from mtaxsoftware.blogspot.com
We will mainly discuss the tax benefit available mainly under section 24 (b), section 80ee and section 80c of the income tax act, 1961. You are allowed a maximum of. Now, section 87a will provide rs.5000.
50 Lakhs Service Tax Exemption Of Hosing.
These home loan tax benefits are available over and above the existing exemption of rs. These home loan tax exemptions can only be claimed to purchase. An additional housing loan interest deduction to a first time home buyer up to rs.
Income Tax Benefit On Home Loan.
The government proposed an additional deduction of rs 50,000 on. 50,000 under section 80 ee if you are a first time home buyern interest. If the home loan is taken out jointly, individual loan holders may deduct housing loan interest up to a total of rs.
Now, Section 87A Will Provide Rs.5000.
2,400 tax exemption as children education. 19,200 tax exemption as transport allowance and rs. You are allowed a maximum of.
We Will Mainly Discuss The Tax Benefit Available Mainly Under Section 24 (B), Section 80Ee And Section 80C Of The Income Tax Act, 1961.
Additional deduction of rs.3000 is available u/s 87a. 2 lakh under section 24 (b). The amount paid as repayment of the principal amount of home loan is allowed as deduction under the section 80c of the income tax act subject to the maximum limit of rs 150,000.
You Can Deduct The Interest Component Of Your Home Construction Loan Under Section 24 Of The Income Tax Act.
Rebate on house loan for jointly own property. As per finance act 2016, the tax payer is entitled to claim additional deduction of rs. In the union budget 2016, a new section 80e was introduced to benefit first time home loan borrowers.
No comments:
Post a Comment