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This date will be notified when your loan is disbursed. Yes, there are tax free credit of availing a home loan. The principal portion of your home loan EMI is eligible for a deduction under Section 80C of the Income-tax Act, http://sunnydays100.com/alabama/personal-loans-for-nurses-with-bad-credit.php, subject to a maximum limit of Rs 1.

This additional deduction can be availed after first exhausting the limit under Section 24 b for the interest portion. Section 24 b of the Income-tax Act,allows a deduction for the interest component of the home loan EMI.

For a self-occupied property, the deduction under Section 24 bank of america credit card login is Rs 2. And in case the house is let-out on rent, i.

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