Business Today
Loading...

Home loans get more tax benefits

In the Budget 2013-14, Finance Minister has proposed that home loans up to Rs 25 lakh would get an additional deduction of Rs 1 lakh on interest payment.

BT Online Bureau | February 28, 2013 | Updated 11:59 IST

In the Budget 2013-14, Finance Minister P Chidambaram has proposed that home loans up to Rs 25 lakh would get an additional deduction of Rs 1 lakh on interest payment.

Currently, the limit on interest payment deduction on home loan is Rs 1.5 lakh. The limit has been constant for almost a decade despite a sharp hike in the cost of a house.

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close