Income tax Calculation

[Mridul Sethi]

Sir,

Pls let me know what are the deduction under the head salary & under sec.80 for the AY 2013-14.

Also clear that I have take a house loan in joint account with my brother, then in which proportionate we can avail dedutions of principle & Insterst amount of loan.

 

Regards,

Mridul Sethi

[Mridul Sethi]

Sir,

pls solve my problem.

AI Summary

Deductions under salary and section 80: entitlement and allocation for joint home loan interest and principal.
Query concerns entitlement to deductions under Salary and section 80 for the assessment year, and asks how principal repayment and interest on a house loan taken jointly with a brother may be proportionately apportioned between co-borrowers for claiming deductions.