Tax rebates for housing loan

Sushil JI Maximum limit is 30k for tax rebeat.

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TAx rebates on interest component under section 80 C of Rs.2 lac + rebate on principal of  about 1.5 lACS UNDER SECTION 24 and an a dditional  amount of Rs..50,000 IF THE CONDITIONS OF THAT SECTIONS ARE MET (SECTION 80 'EE)  a total releif of Rs.4 lakhs  is we can avail.CONSIDERABLE RELEIEF  borrowers are getting IF NOT SUBSTANTIALLY  but considerable TAX RELEIEF. tAX REBATE OF . Rs. 30,000 IS FOR PEOPLE WHO DON;'T BORROW  LOAN  FROM Anyone lender bank or otherwise..  2 LAKH  O RrS. 30,000  whichever is less is  Considerably GOOD. iTS NOT IN TRICKLES BUT GOOD.. SO IT  IS  OK..If you appreciate this  reply please  click the thank you button on this forum.

TAx rebates on interest component under section 80 C of Rs.2 lac + rebate on principal of  about 1.5 lACS UNDER SECTION 24 and an a dditional  amount of Rs..50,000 IF THE CONDITIONS OF THAT SECTIONS ARE MET (SECTION 80 'EE)  a total releif of Rs.4 lakhs  is we can avail.CONSIDERABLE RELEIEF  borrowers are getting IF NOT SUBSTANTIALLY  but considerable TAX RELEIEF. tAX REBATE OF . Rs. 30,000 IS FOR PEOPLE WHO DON;'T BORROW  LOAN  FROM Anyone lender bank or otherwise..  2 LAKH  O RrS. 30,000  whichever is less is  Considerably GOOD. iTS NOT IN TRICKLES BUT GOOD.. SO IT  IS  OK..If you appreciate this  reply please  click the thank you button on this forum.

Helo Sushil,

Home loan taken 2011.  house will be handed over mar 2017.  you are not eligible for interest exemption u/s 24 of IT act, because loan period to house construction period allowed is only 3 years. But  from current finacial year this construction period allowed  is 5 year to avail home loan interest u/s 24 subject to loan sanction after april 2016.