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How to save Tax from Home Loan

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As the financial year draws to a close, a lot of people feel stressed due to the final tax assessment for the year. It needs to be noted on this point that owning a home is not only a dream realization, but home loans are also wonderful tax saving instruments. Individuals having home loans are eligible for tax deductions on both the principal amount as well as on the interest paid for it. Let us take a simplistic look at the various tax deduction options one can avail while servicing a home loan.

Tax benefit on Principal Amount of Home Loan: The principal amount paid on any home loan can be availed as tax benefits with a maximum deduction of Rs 1,00,000 under section 80C of the Income Tax Act. However, it needs to be noted that the deduction is not available for any principal amount paid on home loan for an under construction property. The maximum deduction allowed under Section 80C of the Income Tax Act is Rs 1, 00,000. Tax Benefit on Home Loan Interest: The amount paid as interest to…

We are Hiring !

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Looking for a Zonal Manager for Nimmadhi Property Management - Chennai Branch

* Should identify prospects and give presentation
* Should organise demo at our existing customer points to build confidence
* Should negotiate & send proposal
* Achieve target set for the month
* Should possess Good communication and presentation skills
* Should have business acumen and able to negotiate well
* Excellent communication skills and presentable personality is required
* Should have experience in Team Handling & Branch Handling
* Good understanding of Chennai Demographic is must.

Qualifications:

Education : Any Degree

Experience: 10+ Years

Salary : As per market standard

Email : careers@nimmadhi.com

Note: Apply only through online

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website : www.nimmadhi.com