interest on housing loan deduction for ay 2021-22 Archives

Section 24: Interest on Home Loan

Post author:Nikita Dhyani
Post published:August 16, 2021
Post category:Save Tax for Government Employee
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Section 24 of the income tax act,1961 defines that any individual can claim tax deductions on the interest paid for the property or home loans. Section 24 is also known…

Section 80EE- Additional Deduction for Interest on Home Loan

Post author:Nikita Dhyani
Post published:August 5, 2021
Post category:Save Tax for Government Employee
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Section 80EE came into force from the financial year 2013-14. It was available only for 2 years, FY 2013-14 and FY 2014-15. Earlier the deduction allowed was limited to…