Provisional Interest Certificate gives the principal and interest breakup for the scheduled EMI for a complete financial year i.e., from April to March. This calculation can be used for claiming the income tax rebates on home loans in appropriate cases under Section 80C as well as Section 24 of the Income Tax Act.
The calculations are based upon current principal balances, current ROI, and current EMI along with any changes recorded in the current financial year. Any change that may happen before the end of the financial year will alter the calculation and the figures. You can get this in the following ways:
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