Cost of property loan is through Equated Monthly premiums (EMI) which consists of dominant and attention part. Due to the fact cost is made of 2 different portion, brand new tax work for for the mortgage is influenced from the some other sections of Taxation Work and these try said just like the taxation deductions significantly less than various other areas while submitting money Tax Come back.
Maximum taxation deduction enjoy below Point 80C is actually Rs. step one,fifty,000. Which taxation deduction significantly less than Point 80C can be acquired into percentage basis no matter the season whereby the latest commission is made. (more…)