Interest rate on House Building Advance (HBA) @ 7.9% from 01.10.2020 to 31.03.2022

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Interest rate on House Building Advance (HBA) @ 7.9% from 01.10.2020 to 31.03.2022

Interest rate on House Building Advance (HBA) to Central Government Employees @ 7.9% from 01.10.2020 to 31.03.2022 No.I-17015/1/2021/H.III

Furnishing of evidence of claims or deduction of tax for FY 2021-22 and AY 2022-23 – Rent Receipt, Form 12BB & Statement of Income from House Property
Budget 2019-2020: No change in Income Tax Slab, Increase in Surcharge, Additional Deduction for Interest paid on loans etc.
Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

Interest rate on House Building Advance (HBA) to Central Government Employees @ 7.9% from 01.10.2020 to 31.03.2022

No.I-17015/1/2021/H.III
Government of India
Ministry of Housing & Urban Affairs
Housing — III
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Nirman Bhawan, New Delhi
Dated 19th April 2021

OFFICE MEMORANDUM

Subject: Interest rate on House Building Advance (HBA) to Central Government Employees — reg.

The undersigned is directed to state that in partial modification of this Ministry’s OM No. I.17011/11(4)/2016-H.III dated 09.11.2017 regarding House Building Advance Rules (HBA) — 2017, the rate of interest on House Building Advance to Central Government Employees will be @7.9% from 1st October, 2020 to 31st March, 2022 i.e., for 18 months.

2. This issues with the approval of Competent Authority.

(Amita Gupta)
Under Secretary to Govt. of India
Tel: 23061036

To

  1. All the Central Government Offices/ Departments.
  2. Copy to NIC Cell to upload in Ministry’s website.
  3. Copy to IT Cell to upload in e-Office.

 

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