I am just thinking to avail HBl from sbi this year in dec-jan about 6.00 lacs(1st fage of total project cost of 20.00 lacs.) Shall I eligible to get tax benefit. My Annual Income is about 2.50 lacs.
Due to future programme I am not deducting the I.tax from my salary. So pleae guide me that how much tax benefit I could get.

SANJAY SINHA
SBI, GANGTOK BRANCH

Mr. Sinha:

This forum addresses U.S. taxes.

Your question CLEARLY addresses Indian taxes.