Own two houses? Here’s how to claim tax deduction on HRA and home loan repayment

A self-occupied house gives you two avenues of saving taxes which are the payment of interest and repayment of principal. You can get Rs 2 lakh deduction under section 24b of the Income-tax Act, 1961 on interest payment and Rs 1.5 lakh on principal repayment under section 80C.

from Tax-Wealth-Economic Times https://ift.tt/0VgIYFG