In India, there are many tax saving schemes that have been made available for individuals and businesses that can help in reducing their tax burden. These schemes can also provide significant savings, allowing individuals and businesses to keep more of their hard-earned money. Interest Paid on home loans is much eligible for tax deductions under Section 24 which would be up to a maximum of INR 2 lakh per year. This can also provide significant savings for individuals who must be repaying a Loan/>Home Loan.
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