For Salary Employees
Investment / Deduction Code and Limit
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ITEM CODE
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ITEMS
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PARTICULARS
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MAX Limit
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HSGEE
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DEDUCTION U/S 80 EE
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Additional deduction of Rs. 1,00,000/- for FY 2014-15( A.Y. 2015-16)
towards interest payable on the housing loan. Note :- This exemption is over
& above Rs. 2,00,000/- for the self-occupied property under the section
24 of the act)
following conditions to be fulfilled:- 1.The value of residential house does not exceed Rs. 40,00,000/-. 2.The loan sanctioned does not exceed Rs. 25,00,000/-. 3.The loan is sanctioned after 1/4/2013. 4. The assessee is a first time home buyer. 5.The assessee does not own any other residential house as on date of sanction of the loan. 6.This house is supposed to be self-occupied property. |
Rs.1,00,000/- (Over and above
of Rs.200000/- of section 24)
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