You can even claim write-offs in your tax facing dominant and you may attention repayments which you generate on the cost of your house financing. The sort and you can quantity of income tax deduction available up against installment from Financial are ruled because of the relevant Income tax Laws off Bodies away from India.

Group

Senior Low Senior citizen Annual earnings Income will likely be in the between 1L to 15Cr Desire paid back on the home loan Attention Paid back around 0 to 15Cr Principal paid off for the home loan Concept Paid back in between 0 so you’re able to 15Cr

• Tax Work for

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