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Income Tax benefit Home Loan. As we all know Government of India announced the most beneficial scheme for all Indians. To save the income tax, any of salaried and self employed persons are allowed to invest some defined part of the money on yearly basis as home purchase and it will be exempted for a fixed bracket for Income tax benefits. Investment will be considered in the yearly interest paid to the lender of home loan and addition of the fixed principle amount paid to the housing loan providers with the fix bracket of the maximum amount of the principle amount, it will be covered under the rule of home loan exemption category.

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