3 Comments March 18th, 2010

how to include interest on home loan in ITR1 form in india?

balaji m asked:


trying to include home loan interest.. but where can i include.. row 2a have only positive No.s. i am individual salaried.

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3 Responses to “how to include interest on home loan in ITR1 form in india?”

  1. MP Says:
    March 21st, 2010 at 2:10 pm

    If u want to include Int. on HL, then u should use ITR 2 & NOT ITR 1. In row 2 fill it as NIL. Fill the interest details in sch. HP & CYLA and then take it to Part B -TI.
    The form itself suggests in brackets as to from where a figure is to be taken. Just follow it.

  2. Jss Says:
    March 21st, 2010 at 6:19 pm

    Home loan interest deduction comes under Income From House property, which is schedule HP. You must file ITR-2.

    For home loan interest deduction under section 24(b) and capital deduction under 80C, read.

  3. Zeus Says:
    March 23rd, 2010 at 11:31 am

    Why don’t you try some online tool like
    It makes life much easier and it’s absolutely free. There are many such tools available but I found it to be the most satisfactory.