Can I get tax benefit on home loan which is of 5 lakhs, if not then what’s the minimum amount of home loan is applicable for tax relief?
Have a read, and hope it will answer your query. I do not think there is a minimum amount of loan to avail the benefit.
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For everyone, owning a home is a dream come true. The Indian government has consistently demonstrated a strong propensity to encourage people to invest in homes. This is the reason a home loan is eligible for a tax-deductible under Section 80C. Additionally, obtaining a home on a home loan comes with numerous tax advantages that substantially lower your tax liability.
Here’s a read on Home Loan Tax Benefits for your reference.
Hope this helps.
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