Have you taken home loan? Large tax exemption on such loans

1-You do not have such important information about home loan many times that you have a lot of work. Today we will tell you what income tax section you can get tax rebate and how you can get tax over the home loan. This information has worked a lot for you.

2-There are two categories of tax exemptions on home loan in which, under the first exemption, you can get tax deduction on the principal amount of home loan and on the other home loan interest. You can claim tax deduction for home loan under section 80C, section 24 and section 80EE of the Income Tax Act.

3-1. In section 80C of Income Tax, you can get tax rebate up to Rs 1.5 lakh on the principal amount of loan. However, this will only be achieved when you get possession of the possession of your house. You can get a tax rebate of up to Rs 1.5 lakh on your loan since the settlement of your house.

4-2. Under section 24 of Income Tax, you can get a discount of up to Rs 2 lakh on home loan. In this way, you can get big relief on the home loan front.

5-3. Under Section 80E of Income Tax, if you have a home loan between April 1, 2013 and March 31, 2014, home loan customers can get tax exemption provided they have their first home loan, property no more than 40 lakh rupees. And the home loan amount should not be more than Rs. 25 lakhs. For the first time customers who take home loan can get tax rebates up to Rs 1 lakh under this section.

6-Obviously, making a home with a home loan is a better option than staying in a rented house because you will be able to pay EMI by paying a little more than what you pay, and after this you will have your own home after the loan period .

7-You can not get this facility at the rental house and if you rent a lifetime, nothing in your hands will be in the end.