Tax Benefits on Housing Loan

A house is one of the biggest investments and most of us might already know that our home loans are eligible for tax benefits under the Income Tax Act. Today, Housing loans have become an attractive proposition to save taxes. For salaried individuals Public Provident Fund, Life Insurance Premium, Equity Linked Savings Schemes (ELSS) etc […]

Tax incentives on home loan encourage people to invest in a house or property. Acquiring a home loan for buying or building a house makes you eligible for tax rebates under Income Tax Act. The interest towards home loan taken for construction, repairs, renewal or reconstruction of existing house property is also eligible for deduction. […]