How to claim interest on home loan deduction
-
1. Create Account
a) Visit Mytaxcafe.com and select the manner for efiling of Tax Return.
-
Enter your email address and password and click on 'Create Account'.
-
2. Provide Personal Information
a) Enter your PAN number, Date of Birth, other personal details and click on 'Save & Next Step'
-
3. Enter Form-16 details if any
a) If your Employer has provided you Form 16 then fill the required details either by uploading Form 16 or by filling it
manually else select 'Skip and Continue'
-
Enter the Salary details
-
Enter the deductions detail
-
Enter tax on total income, Tax Deducted at Source and click on 'Save and Next'
-
Enter the employer details and click on 'Save and Next' to save your Form 16
-
Your Form-16 details are saved in your account and you can edit them anytime later if you want. Click on 'Continue'
-
4. Provide Housing Loan Interest details
a) Click on 'Report or Edit'
-
Add the details of Housing Loan Interest by clicking on 'Click here'.
-
Under the Housing Loan Interest Section click on 'Report'.
-
Choose the purpose of Housing Loan and click on 'Next Step'.
-
Enter Property, Loan and Interest details and click on 'Next Step'.
-
Provide the Home Loan details and click on 'Next Step'.
-
Provide the address details of the property and click on 'Save'.
-
Your reported housing loan details will be shown. Click on 'Finish with Rent and Interest'.
-
5. Provide Other Income and Investment details
a) If you want to report any other income and investments, report them at this step or click on 'Continue'.
-
6. Report your Taxes paid
a) If you want to report any other taxes paid or TDS details, report them at this step or click on 'Continue'.
-
7. Provide other details
a) Enter bank details, residential address and other details by selecting appropriate tabs.
-
8. Review your ITR and proceed to e-file
a) Review your calculated tax and Income and click on 'E-File My ITR'.
-
Accept the Terms and Conditions and click on 'E-File it Now'.
Steps to follow
1. Create an Account
2. Provide Personal Information
3. Enter Form-16 details if any
4. Provide Housing Loan Interest details
5. Provide other Income and Investment details
6. Report your Taxes Paid
7. Provide other details
8. Review your ITR and proceed to e-File