About Housing Loan In Income Tax Returns - XLS Download

Hiplease note this is posted in 24 feb2009. I am paying Rs.1,80,000/- per year as housing loan. The intrest will be around 1.5 lacs and the rest as principal for a loan of 12.5 lacs.How to calculate for income tax for 2009-10 submission.last year the principal amount was detucted in the 1,00,000 benefit savings column and the intrest is detucted in the source itself upto1.5 lacs. does this remains the same or there is a change. please reply soon and advance thanks to all who reply and the admin
24th February 2009 From India, Madras

Calculate the principle and interest part . use calculator for your record.
24th February 2009 From India, Jaipur

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Home Loan Calculator.xls (447.5 KB, 883 views)

Hi,
In your case 1,50,000 will be deducted at the source itself and the remaining 30,000 (principal payment) will be deducted under 80c 1 Lakh benefit savings. It remains the same as last year.
Regards,
DJ.

24th February 2009 From India, Bangalore