WebHomebuyers on February 1 welcomed the government's move to increase the tax rebate limit under the new tax regime, but said Budget 2024 was silent on high home loan rates, … WebJun 13, 2024 · Interest Deduction, Tax Exemption & Rebate; Updated on: 13 Jun, 2024 02:22 AM . Interest Deduction On Rented House Property ... Q - Can I claim HRA as well as …
Tax Benefit on Home Loan Interest & Principle F.Y. 2024-23
WebFor example, taxpayers can claim a deduction for interest paid on housing loans taken for a rented-out property under section 24(b) in the new tax regime. The interest paid on the … WebThe Union Budget 2024 has introduced a new Section 80EEA to extend the tax benefits of the interest deduction up to Rs 1,50,000 for housing loans taken for affordable housing … fishing excursions costa maya
Can both husband and wife claim income tax deduction for home …
WebFeb 1, 2024 · Additional Tax Deduction under Section 80EEA (2024) There is an additional deduction of up to Rs 1.5 lakh available under the Section 80EEA on the home loan sanctioned between 1st April 2024 and 31 March 2024. It is applicable only for house purchases where the cost of the house is up to Rs 45 lakh. And on the date of sanction of … WebFeb 9, 2024 · Section 80C: Home Loan principal. For an individual or Hindu Undivided Family (HUF), the amount that goes towards the repayment of the principal on a Home Loan is … WebAs per the Income Tax Act of 1961, you can get annual home loan tax benefit via both the interest and principal components of the loan. The main tax reliefs are listed under … can benadryl cause heart problems