Tax planning
Loan statement and EMI split into principal and interest (Sec 24(b), 80E, business interest)
- Each EMI has principal and interest, and the tax treatment differs by loan type.
- Deadline: Before ITR filing; employer declaration in Form 124 (old 12BB) during the year
- Done in 1 working day
- Prepared by your Savvy, checked by a CA
- Lender interest certificate
- Is the house self-occupied or let out?
- Get provisional and final certificates
- Deduction working
Loan statement and EMI split into…
Before ITR filing; employer…
- IInformation5 documents
- DDiscussion4 questions
- FForms3 steps
- DDeliverablesDeduction working
Answer in brief
Each EMI has principal and interest, and the tax treatment differs by loan type. Home loan interest can reduce house property income, education loan interest is deductible for up to eight years, and business loan interest is a business expense. We split your EMIs from the lender's certificate and apply the right deduction in your return.
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Step 1 of 4 · Information
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- Lender interest certificate
- Loan account statement
- Possession or completion dateOptional
- Co-borrower detailsOptional
- Tax regime choice
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Pay and start
₹999
₹999 + ₹179.82 GST = ₹1,178.82
Yearly. Delivered in 1 working day. Due: Before ITR filing; employer declaration in Form 124 (old 12BB) during the year
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