Income tax excemption


Hello Sir,
i hav taken joint home loan of Rs. 34lacs in bank
myself and my husband both jointly, in paper both names r there.
my self can calim 2 lac, (hba interest benefit)
my husband can claim 2 lac (hba interst benefit)
as my salary is very low, i dont want to utilize this hba interst,
IS my husband can calim both 2+2 = 4 lacs ?( hba interest benefit)
pls clarify .



Hi Anitha,

As per section 24(b) of the Income Tax Act , maximum deduction that can be claimed by an individual under this section is INR 200000 p.a. i.e.Rs. Two Lakh. Your husband can claim a maximum deduction of INR 200,000/- only