Friends need some help on Tax Exemption on housing loan.
Assuming I get 10 L as CTC, I already pay around 50,000 for Insurance and around 36,000 for Tax Exemption MF. I have recently taken a home in Bangalore at 29 L and the loan from the bank is 23 L. The house is planned to be surrendered by Nov 2011. But the bank SBI has already started taking EMI from this month APR 2011.
Can some one help me with the details above about the tax exemption I can get on buying a home.