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Interest Certificate HDFC

Mr. Alok Arora received a home loan of Rs. 26,92,500 at an annual interest rate of 8.8% from HDFC to purchase a flat. The loan is repayable in monthly installments (EMIs) of Rs. 24,500 each from April 2023 to January 2024. The total EMIs payable from April 2023 to March 2024 is Rs. 2,94,000, comprising principal repayment of Rs. 1,26,243 and interest payment of Rs. 1,67,757. HDFC issued this statement to allow Mr. Arora to claim deductions under Sections 24(b) and 80C of the Indian Income Tax Act for interest

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2K views1 page

Interest Certificate HDFC

Mr. Alok Arora received a home loan of Rs. 26,92,500 at an annual interest rate of 8.8% from HDFC to purchase a flat. The loan is repayable in monthly installments (EMIs) of Rs. 24,500 each from April 2023 to January 2024. The total EMIs payable from April 2023 to March 2024 is Rs. 2,94,000, comprising principal repayment of Rs. 1,26,243 and interest payment of Rs. 1,67,757. HDFC issued this statement to allow Mr. Arora to claim deductions under Sections 24(b) and 80C of the Indian Income Tax Act for interest

Uploaded by

davidgordan0207
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Date : 12/01/2024 TO WHOMSOEVER IT MAY CONCERN

----------------------------
TYPE : 571- RESIDENT HOME LOAN-VARIABLE RATE-MONTHLY RES ()

PROVISIONAL STATEMENT for claiming deduction under Sections 24(b) & 80C
of the INCOME-TAX ACT,1961 for the period 01/04/2023 to 31/03/2024

This is to certify that MR ARORA ALOK


(Loan account number 606763726) has/have been granted a HOUSING LOAN
of Rs. 26,92,500 @8.80% per annum* in respect of the following property :
FLAT-904,FLOOR-9,EXPRESS PARK VIEW II L1,PLOT GH-03,SECTOR CHI-
V,YAMUNA,EXPRESSWAY,GREATER NOIDA-201301

The above loan is REPAYABLE in Equated Monthly Instalments (EMIs) comprising


Principal and Interest. The total amount of EMIs payable from 01/04/2023 to
31/03/2024 is Rs. 2,94,000.00. The break-up of the amount into Principal
and Interest is given below :

PRINCIPAL COMPONENT Rs. 1,26,243.00


INTEREST COMPONENT Rs. 1,67,757.00

NOTES :
1.Interest is calculated on monthly rests. Principal repayments are credited
at the end of each month.
2.Interest and Principal figures are subject to change in case of prepayment/
s and/or change in repayment schedule.
3.Principal repayments through EMIs and/or Prepayments qualify for deduction
under Section 80C,if the amounts are ACTUALLY PAID by 31/03/2024.
4.Deduction under Section 80C can be claimed only if :
(i) The repayment of the loan is made out of income chargeable to tax and
(ii) The property for which the loan is taken is not transferred
before the expiry of 5 years from the end of the financial year in which
the possession of such property is obtained.
THESE CONDITIONS HAVE NOT BEEN VERIFIED BY HDFC.
5.Interest payable on the loan ( including Pre-EMI Interest, if any )
is allowed as a deduction under Section 24(b).
THIS STATEMENT BEING PROVISIONAL IN NATURE REQUIRES NO AUTHORISATION FROM HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED (PAN: AAACH0997E)

THE AMORTISATION OF THE LOAN IS AS PER THE REPAYMENT SCHEDULE BELOW :-


From Dt To Dt ROI(%) EMI From Dt To Dt ROI(%) EMI
APR-23 MAY-23 6.90 24,500 JUN-23 AUG-23 7.30 24,500
SEP-23 NOV-23 8.30 24,500 DEC-23 DEC-23 8.80 24,500
JAN-24 8.80 24,500
606763726
MR ARORA ALOK
B 26 2ND FLOOR BHAGWATI GARDEN,
DELHI, DELHI-110059

Regd. Office: Ramon House, H T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020.
Tel: 66316000, 22820282. Fax: 022-22811205, 22046834, 22046758.,CIN: L70100MH1977PLC019916

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