Can we claim Home loan prepayment under 80c??

Hi, I had taken a home loan a year ago. Now I am planing to make some prepayment. Just want to know let say I prepay Rs 50K , Can I claim it under 80C. As per my knowledge I can claim the house loan principal under 80c.

asked Oct 02 '12 at 13:10 by deep232 1111

There is no special mention of principal prepayment in section 80C, so you would be able to avail tax benefits u/s 80C but only upto Rs 1 lac total benefit.

answered Oct 05 '12 at 11:25 by Pankaj Batra 5.2k320


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Asked: Oct 02 '12 at 13:10

Seen: 3,322 times

Last updated: Oct 05 '12 at 11:25