Section 80EEA – Claim deduction for the interest paid on housing loan

Under this provision, you can claim a deduction for the interest you pay on your housing loan. If the loan had been taken out, it should have been used for acquisition of a Residential House. This section does not cover the construction of a Residential House. This section allows you to deduct up to ₹ 1,50,000 per financial year. You can claim this deduction until the loan is fully repaid.