Tax
Section 24(b) Kya Hai? — Matlab, Definition & Example
Definition
Section 24(b) self-occupied property ke home loan interest pe ₹2 lakh per year tak deduction deta hai. Let-out property pe koi limit nahi hai.
💡 Real Example
Home loan EMI of ₹43,000/month: annual interest ₹4.2 lakh, claim ₹2 lakh under Sec 24(b) + principal under 80C = total ₹3.5 lakh tax deduction.
🇬🇧 English Mein (Section 24(b) — Home Loan Interest)
Section 24(b) allows deduction of up to ₹2 lakh per year on interest paid on home loan for a self-occupied property. For let-out property, there is no upper limit on interest deduction. The property must be purchased/constructed within 5 years of taking the loan.
❓ Common Questions
Section 24(b) kya hai simple words mein?
Section 24(b) self-occupied property ke home loan interest pe ₹2 lakh per year tak deduction deta hai. Let-out property pe koi limit nahi hai.
Section 24(b) ka ek example do?
Home loan EMI of ₹43,000/month: annual interest ₹4.2 lakh, claim ₹2 lakh under Sec 24(b) + principal under 80C = total ₹3.5 lakh tax deduction.
Section 24(b) — Home Loan Interest ko English mein kya kehte hain?
English mein ise Section 24(b) — Home Loan Interest kehte hain. Section 24(b) allows deduction of up to ₹2 lakh per year on interest paid on home loan for a self-occupied property. For let-out property, there is no upper limit on interest deduction. The property m