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Paying a home loan EMI or staying on rent? Know the tax benefits

Updated : January 14, 2020 05:28 PM IST

Section 80C allows tax-payers to claim deductions on a host of avenues, including on investments made in ELSS, PPF, life insurance premium paid among others.
Section 24(b) gives tax relief on interest paid during the year.
Section 24(b) allows deduction of up to Rs 2 lakh a year on interest paid on housing loan taken to finance a self-occupied house property.
Paying a home loan EMI or staying on rent? Know the tax benefits

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