Interest On Housing Loan Deduction For Ay 2024-24. So, this deduction is on top of the rs 2 lakh limit that section 24 allows you to have. The tax rebate on housing loan interest under section 24 (b) needs to be hiked to at least rs 5 lakh.
Under section 24 of the income tax act, a tax deduction is permitted for interest paid on home loans. As per section 24 of the income tax act, you can get attractive tax benefits on your home loan interest.
One Can Claim Up To Rs 50,000 Per Year Until The Full.
Apr 27, 2023, 11:28 ist.
An Additional Rs 50,000 For Interest Amount On Housing Loan Is Allowed For First Time Home Borrowers.
In the union budget 2019, a new section 80eea.
No Hike In Home Loan Interest Deduction Limit In Interim Budget 2024.
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To Avail These Benefits, Ensure Timely Payments,.
Deduction for employerโs contribution to nps account [section 80ccd (2)].
So, This Deduction Is On Top Of The Rs 2 Lakh Limit That Section 24 Allows You To Have.
You can avail deduction on the interest paid on your home loan under section 24 (b) of the income tax act.
Generally, Borrowers Can Avail Of Deductions Of Up.