💰 Home Loan Interest Tax Deduction 2025 | Section 24b Explained | Income Tax Tutorial

Описание: 💰 Home Loan Interest Tax Deduction 2025 | Section 24b Explained | Income Tax Tutorial

Did you know the interest paid on your home loan can save you big on taxes? Learn how to maximize tax deductions under Section 24(b) of the Income Tax Act and save up to ₹2 lakh annually! 🏠

Welcome to Setindiabiz Academy's complete tutorial on home loan interest deduction under Income from House Property. This video is essential for anyone claiming tax benefits on their home loan!

✅ What You'll Learn:
Tax Deduction Rules under Section 24(b) - Up to ₹2 lakh for self-occupied property
Section 80C Deductions on Principal Repayment - Up to ₹1.5 lakh
Pre-construction Interest Claims & How to Split in 5 Equal Instalments
Self-Occupied vs Let-Out Property - Key Tax Differences
Joint Home Loans - How Co-owners Can Split Deductions
Where to Report Interest in ITR Forms & Form 26AS
Common Mistakes Leading to Tax Notices & How to Avoid Them
New Tax Regime vs Old Tax Regime Implications

💡 Key Tax Benefits Covered:
✔ Self-Occupied Property: Up to ₹2 lakh interest deduction (Section 24b)
✔ Let-Out Property: No upper limit on interest deduction
✔ Principal Repayment: Up to ₹1.5 lakh deduction (Section 80C)
✔ Pre-construction Interest: Claim in 5 equal instalments
✔ Additional Benefits under Section 80EE & 80EEA for first-time buyers

🎓 Who Should Watch This?
✅ Homeowners with active home loans
✅ First-time buyers planning to claim tax deductions
✅ Property investors with rented-out properties
✅ CA students, tax practitioners & finance professionals
✅ Anyone filing ITR with house property income

📌 Important Links:
Enroll in Our Professional Taxation Courses:
🎓 Setindiabiz Academy: https://www.setindiabiz.com/academy
(Learn from industry experts with hands-on training in Taxation, GST, TDS & Accounting)

Related Tax Resources & Guides:
📖 TDS Rate Chart FY 2024-25: https://www.setindiabiz.com/blog/tds-...
📖 Income Tax Notice Reply (Section 133(6)): https://www.setindiabiz.com/blog/inco...
📖 Updated ITR Filing Guide (ITR-U): https://www.setindiabiz.com/blog/upda...

📊 Quick Reference - Maximum Tax Deductions:
Interest on Home Loan (Section 24b): ₹2,00,000 (self-occupied)
Principal Repayment (Section 80C): ₹1,50,000
Additional Deduction (Section 80EE): ₹50,000 (eligible first-time buyers)
Additional Deduction (Section 80EEA): ₹1,50,000 (affordable housing)

💬 Have Questions About Home Loan Tax Deductions? Drop them in the comments! Our tax experts will help you.

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