Me and my wife are salaried employees. We have a joint housing loan for which the interest component is 2.8 Lac PA. Can we share this as 1.5 Lac and 1.3 Lac respectively or the limit is 1.5 Lac for one loan?
1 Answers
In case loan EMI payments have been done equally divided between both of you, then each can claim tax benefit of Rs 1.4 lakh.
1.5 lakh limit on home loan interest deduction is per head and not on a loan/property.
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