Avail home loans with multiple benefits.
Home loans let you achieve your dream of buying a new house and make you entitled for tax benefits. These tax benefits can contribute towards your EMI flow and your savings. Below information would help you to calculate your tax benefits based on your total loan amount.
The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1, 50,000.
Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1, 00,000.