What is limit of 80EE Deduction?

myITreturn Helpdesk

Updated March 11, 2018 05:35

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This section allows for a deduction up to Rs. 100000/- for the AY 2014-15 (i.e. FY 2013-14). If Deduction u/s 80EE claimed is less than 1 Lac, then balance unutilised can be claimed in AY 15-16 subject to Total limit of Rs 100000/-

For e.g. : If Total Interest claimed u/s 80EE in AY 14-15 is Rs 80000/- . In AY 15-16 he can claim deduction upto is Rs 20000/- if Interest is paid.

limit of 80EE Deduction, 80EE Deduction, Income tax In this page we explained about the limit of 80EE Deduction.

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