UPA government today will launch its one of the most ambitious Direct Cash Transfer scheme across 20 districts in six States and three Union Territories. Read more
Tag: FM
FM to double tax deduction eases for home-loaners
As per business sectors release, there is good news for home loaners. During this year, the govt. is deducting the tax by raising tax exemption on interest paid in housing loan.
And now the person, who has taken a house loan, gets double relief from the tax assumption as limiting taxable income up to Rs 3 lakh annually from the existing limit of Rs 1.5 lakh.
And this assumption will be follow up from 16 March 2012 when budget scheduled to be tabled in Parliament.
Double tax deductions upto 1.5 lakhs is allowed towards interest on loans. And a person who borrowed a loan to purchase a house from bank also enjoys tax exemption on the payment of the principal amount. Read more
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