Tag Archives: Repayment of House Loan

5 smart things to know about repayment of home loan principal

By | August 4, 2015

1. The principal repayment of home loan  EMI is allowed as deduction under Section 80C of the Income Tax Act. 2. The maximum tax deduction allowed under Section 80C is Rs 1.5 lakh, which includes investments in other instruments also. 3. This deduction is allowed only after the construction is complete and completion certificate is awarded… Read More »