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Home > Forum > Mumbai > Home Loan > What is the amount deducted on home loan on self occupied property?

What is the amount deducted on home loan on self occupied property?

Q: I have bought a property in Mumbai and taken home loan for it. What is the amount that will be deducted for the same?

amount deducted on home loan
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If loan has been taken for a self occupied property then an amount up to Rs 1,50,000 is allowed for deduction on account of interest paid under Section 24. Under Section 80C, an individual can claim deduction up to Rs 1,00,000 on principal paid.
Suresh Khanna


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