Benefit from PMAY Scheme & Tax Benefit
PMAY is a subsidy scheme which is available for home loans belonging to EWS, LIG, MIG 1 & 2 category under section 24B and 80C.
The tax benefits available under section 80C, you can take benefit by reducing your taxable income up to INR 150000 on interest amount who you paid during financial year.
24B or 80EE section is for the benefit of the home buyer, under this income tax act you can take benefit by reducing your taxable income up to INR 200000 on interest amount which you paid during financial year.
The most important benefits of PMAY which provide benefit up to INR 267000.