Deduction 80EE: Home Loan Interest Deduction A.Y.2023-24
Indian Income Tax Act section 80EE provides first-time homeowners with a unique advantage in the form of a home loan interest deduction. In Deduction 80EE, the interest payable on a home loan can be deducted up to INR 50,000. The purpose of this tax benefit is to promote home ownership and reduce the tax burden … Read more