Section 24B: Up to ₹2 lakh Tax Benefits on Home Loans | Max Limit, Pre-construction Interest | Navi

Section 24B of the Income Tax Act allows for massive tax deduction benefits of up to ₹2 lakh on home loan interest component every financial year. Watch this video to understand what Sec 24 entails and how you can use your home loan interest payments to maximise tax savings and reduce your taxable income in FY2022-23 (AY2023-24).

We’ve discussed important topics like Section 24, Section 24A and Section 24B of the I-T Act, different tax benefits for self-occupied and let-out properties, how you can claim tax deduction benefits for interest paid during the construction phase of your property, etc.

👉 You can also watch this video    • 6 Best Tax Planning Tips for FY2022-2...   to find out some of the best tax saving practices in FY2022-23

👉 Also check out this video    • Section 80C Tax Deductions EXPLAINED ...   to know more about Section 80C tax deduction benefits and eligible tax-saving measures.

Chapters:
0:00 - Chapter 1: Introduction
1:22 - Chapter 2: Two types of tax deduction benefits under Section 24 (Sec 24A and Sec 24B) on ‘Income from House Property’
2:11 - Chapter 3: Sec 24(B) tax benefits in detail (self-occupied or let-out property)
3:27 - Chapter 4: Important pointers to claim tax deduction benefit under Sec 24B
3:40 - Chapter 5: All about Sec 24B tax benefits on pre-construction interest
4:30 - Chapter 6: Example to understand tax benefit on pre-construction interest
5:09 - Chapter 7: Important features and benefits of Navi home loans

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Disclaimer: This video is for educational purposes only.
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👉 Section 24 of Income Tax Act – Tax Benefit on Home Loans: https://navi.com/blog/section-24-of-i...

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