Kya loan par tax ka labh milta hai?

Modified on Wed, 22 Nov 2023 at 02:33 PM

Yes. Resident Indians are eligible for certain tax benefits on both principal and interest components of a loan under the Income Tax Act, 1961. Under the current laws, you are entitled to an income tax rebate for interest repayment up to Rs. 1,50,000 /- per annum. Moreover, you can get added tax benefits under Section 80C on repayment of principal amount up to Rs. 1,00,000 /- per annum.

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