Did you know you can save taxes after marriage too?
Did you know you can save taxes after marriage too? If you take a joint home loan with your spouse, here’s what you get:
1. Interest Deduction: Up to ₹4 lakh (₹2 lakh each) under Section 24(b).
2. Principal Repayment Deduction: Up to ₹3 lakh (₹1.5 lakh each) under Section 80C.
3. Total Savings: Up to ₹2,10,000 if both fall under the 30% tax bracket.
4. Better Loan Eligibility: Combined income = higher loan amount.
5. Lower Interest Rates for Women: Some banks offer reduced rates for women borrowers.
Remember, these benefits are available under the Old Tax Regime. Make sure to share this with someone planning to buy a home after marriage! 💰🏡
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