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What is the tax exemption on interest and principal?

Principal tax
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What is the tax exemption on interest and principal?

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People who earn up to Rs.5 lakhs and above can avail tax shelter on the interest paid up to Rs.1.5 lakhs per annum, if the property is self-occupied. If property is rented out, the entire interest paid on the housing loan can be offset against the rental income.

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