|Chennai||Rs. 28610.00 (-0.14%)|
|Mumbai||Rs. 29790.00 (1.43%)|
|Delhi||Rs. 28000.00 (-1.93%)|
|Kolkata||Rs. 29360.00 (0.44%)|
|Kerala||Rs. 27650.00 (0.91%)|
|Bangalore||Rs. 28250.00 (0%)|
|Hyderabad||Rs. 28650.00 (0.74%)|
The Finance Bill 2013-14 has proposed additional tax benefit to the first - home buyer who takes a loan for an amount not exceeding Rs. 25 lakh.
Presenting the Union Budget in the Lok Sabha on Thursday, Union Finance Minister P. Chidambaram proposed that a person taking a loan for his first home from a bank or a housing finance corporation upto Rs. 25 lakh during the period April 1, 2013 to March 31, 2014 will be entitled to an additional deduction of interest of Rs. 1 lakh.
The Finance Minister hoped that this will promote home-ownership and give a filip to a number of industries like steel, cement, brick, wood, glass etc besides jobs to thousands of construction workers.