Income or Loss on House Property Calculation – From the Financial Year 2017-18 Section 24 of Income Tax Act allows only Rs. 2 lakh as Exempted income / Loss allowed to deducted from Income in respect of Interest paid on Housing Loan even in the case of House Property is rented out.
EPF withdrawal for housing Loan – EPF members can withdraw upto 90% of PF accumulation to pay the Housing Loan
EPFO Circular regarding withdrawal under paragraph 68-BD of EPF Scheme, 1952 for housing needs of the PF members – Can get loan from housing societies
Income Tax exemption benefit on Housing Loan Interest – Frequently Asked Questions – Income Tax Department Published clarification
Revised Income Tax Exemption Calculator for Interest paid on Housing Loan – Income or Loss or House Property Calculation under Section 24 of the Income Tax Act. After enactment of Finance Act 2014, maximum housing loan interest amount (Interest on house property) which can be deducted from the income of a tax payer under Section […]
To cash in on the 7th Pay Commission payout to government employees, state-owned Punjab National Bank (PNB) is offering them home and auto loans at attractive rates of 9.3-9.8 per cent beginning this month.
Budget 2016-17 provides for additional deduction of interest paid on housing loan, up to Rs.50,000/- over and above deduction for interest on housing loan up to Rs. 2,00,000, which is applicable to tax payer who is to buy his / her first house