Question:

What are the tax benefits of taking an SBI Housing Loan?

by Guest2503  |  12 years, 8 month(s) ago

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I heard that there are tax benefits of taking an SBI Housing Loan. I want to know about it.

 Tags: benefits, Housing, Loan, SBI, Taking, tax

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  1. Guest2889
    Under the Indian Income Tax Act of 1961, resident Indians are eligible for certain tax benefits on principal and interest components of a loan.
    Under Section 24(1), interest repayment of Rs.1,50,000/- per annum qualifies for tax saving under the new Fina

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