How to Find Value of Principal and Interest paid on Housing Loan

Asessee can claim deduction of principal repayment from gross total income under section 80C and also interest paid on housing loan can be claim as house property loss. EMI paid during the year are inclusive of principal and interest component. Also many Assessee make prepayment of housing loan during the year.

Hence to find out exact breakup of principal and Interest component, assessee can refer to Interest certificate issued by the bank annually. This certificate can be obtained online by login to bank website or it can be obtained in hard copy by visiting to bank branch.

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