It is possible to allege deductions on the income tax facing dominant and you may interest repayments you build towards cost of your property funds. The sort and you will number of taxation deduction available facing repayment off Home loan try ruled of the appropriate Tax Rules out of Bodies of India.

Class

Senior citizen Low Senior Annual money Earnings might be in the anywhere between 1L so you’re able to 15Cr Attention reduced for the financial Focus Paid down in-between 0 in order to 15Cr Dominating repaid for the financial Concept Paid back between 0 so you can 15Cr

• Income tax Work for

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