Topic: tax planning (home loan & sec 80cc)

This message was edited 1 time. Last update was at 29/01/2010 13:32:03

Please let me know the following

I made 1,03,000 investments towards insurance, mutual funds, and pf

50, 000 towards home loan payment

my question is iam eligible for 1,53,000 income tax benefit, becoz i heard that for home loan there is seperate tax benefit.

For interest paid on housing loan upto 150000 can be deducted from your taxable income... it does not fall under 80/c.. Principal paid on housing loan will go under 80/c... hope this helps..

regards,

SD

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