It might be silly but still i wanna know. I have a home loan taken recently will the loan amount be included in my income and taxed?
For example if my taxable salary is 2L and loan amount is 10L .Then the tax will be calculated for 12L?
It might be silly but still i wanna know. I have a home loan taken recently will the loan amount be included in my income and taxed?
For example if my taxable salary is 2L and loan amount is 10L .Then the tax will be calculated for 12L?