most people avail housing loans inview of TAx benifits If this exemption cancells then most of them to shed additional tax on 2.5lacs that is 25000 per year or 2500 per month . Let us asume a person earning 32000 and spend 20000 on having 12000 addition of 2500 taxes a burden to him he is having 9500 in this amount staying in mubai or in any small city is very difficult so this consideration to be continued in case of salaried person as tax exemption.
