Home loan interest under Section 24(b)
Stub article on home loan interest under Section 24(b). A full encyclopedic entry is pending.
What this article will cover
A full salary-calculator article on home loan interest under Section 24(b) will cover the deduction for interest on a housing loan, the Rs. 2 lakh ceiling for a self-occupied house and the uncapped deduction for a let-out house, the set-off of house-property loss against salary limited to Rs. 2 lakh a year, the treatment during the pre-construction period, the interaction with Section 80C principal repayment and the additional deductions under 80EE and 80EEA, and its exclusion from the new regime for a self-occupied house, with internal links to neighbouring topics on salary-calculator.in and a references section pointing to primary sources.