Our home mortgage EMI provides one or two section: focus and you can principal. The cash Taxation Institution treats these by themselves and offers taxation benefits to borrowers. The fresh new taxation save on the dominating was enjoy less than Part 80C, whereas the benefit to own notice try enjoy lower than Point 24. The brand new consumers have to rely on the borrowed funds amortisation desk sent of the lender to search for the dominant or desire paid. Continue reading
Everything you need to realize about home loan dominating, interest
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