Tax Benefits of Taking a Home Loan from Shubham Housing Finance
At Shubham Housing Finance , we believe that owning a home should be a dream within reach — not just in terms of easy financing, but also in helping you make the most of every rupee you invest. One of the major advantages of taking a home loan is the attractive tax benefits it offers under the Indian Income Tax Act. Here’s how you can benefit when you choose Shubham Housing Development Finance Company Limited: 1. Section 24(b) You can claim a deduction of up to ₹2 lakh per year on the interest paid towards your home loan under Section 24(b) of the Income Tax Act, provided the property is self-occupied. If the house is rented out, there is no upper limit on the interest you can claim, although overall loss from house property is capped at ₹2 lakh. 2. Section 80C Under Section 80C , you can claim a deduction of up to ₹1.5 lakh per year on the principal portion of your EMI. This is part of the overall 80C limit that also includes other investments like PF, life insurance, et...