You get income tax exemption on the amount up to Rs 3 lakh per annum as the principal and interest of the Home Loans in Pune. In the later years of the home loans, you pay most of your EMI as principal. At this time the share of interest decreases. However, on this interest, you can also get relief in income tax at this time. Along with this, you should also keep in mind that if you have paid a lot of interest in the initial years of the home loan, then you are paying most of the principal amount in the subsequent years, so prepayment is not a wise decision.
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