Sanjay Sharma
10 years 1 day ago
My suggestion is on Home loan interest rule, for salaried limit of Income tax exemption @ 2 lac is very less. while in cities like Mumbai per year Home loan Intrest comes at loan amount of 1 Cr 10 lac annually , paying 8 lac extra interest + maintenance and tax after salary received @ 34% Income tax deductions, its very taxing, can you please make exemption based on % of Intrest is exmpted, like annual interest on housing loan to be exempted @ 70% of interest paid (on 10 lac paid- 7 lac exmp).
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