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How can I save tax by taking a Joint Home Loan?

April 26, 2017home loan Joint taking tax

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How can I save tax by taking a Joint Home Loan?

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If you are Joint Owner and also apply for joint home loan, you are eligible for higher deduction on account of interest on home loan as compared to single home loan. In case of joint home loan, both the co-borrowers can take maximum deduction of1,50,000 each.