Hi,
Please note this is posted on 24th Feb 2009. I am paying Rs. 1,80,000 per year as a housing loan. The interest will be around 1.5 lacs, and the rest as principal for a loan of 12.5 lacs. How do I calculate income tax for the 2009-10 submission? Last year, the principal amount was deducted in the 1,00,000 benefit savings column, and the interest is deducted at the source itself up to 1.5 lacs. Does this remain the same, or is there a change? Please reply soon, and advance thanks to all who reply and the admin.
From India, Madras
Acknowledge(0)
Amend(0)
Please note this is posted on 24th Feb 2009. I am paying Rs. 1,80,000 per year as a housing loan. The interest will be around 1.5 lacs, and the rest as principal for a loan of 12.5 lacs. How do I calculate income tax for the 2009-10 submission? Last year, the principal amount was deducted in the 1,00,000 benefit savings column, and the interest is deducted at the source itself up to 1.5 lacs. Does this remain the same, or is there a change? Please reply soon, and advance thanks to all who reply and the admin.
From India, Madras
Acknowledge(0)Amend(0)
Calculate the principle and interest part . use calculator for your record.
From India, Jaipur
Acknowledge(0)Amend(0)
35From India, Jaipur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Income Tax Calculations..x ls
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf