TaxTMI 
TaxTMI 
i am salaried employee (women) and my yrly income is 2.5 lakhs and i pay loan instlment on home loan so can i take full interest amt.for the relavant year as deduction or there is certain limit plz explain thank you
Home loan interest deduction
17 Mar 2009 
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Home loan interest deduction available for self-acquired property, subject to prescribed maximum limits on interest claimed.
The advisory states that for a self-acquired property a taxpayer may claim a deduction for interest paid on a loan taken to purchase the house, subject to a maximum permissible deduction of Rs. 1,50,000 for the relevant year. (AI Summary)
The advisory states that for a self-acquired property a taxpayer may claim a deduction for interest paid on a loan taken to purchase the house, subject to a maximum permissible deduction of Rs. 1,50,000 for the relevant year. (AI Summary)