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
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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
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Calculate the principle and interest part . use calculator for your record.
From India, Jaipur
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35From India, Jaipur
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Income Tax Calculations..x ls
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf