Finance Act, 2016 has introduced deduction of interest payable on housing loan for first time home buyers taken from any financial institution over and above the deduction allowed under section 24b. Section 80EE has been amended for this purpose. Download Automated All in One TDS on Salary for Govt and Non-Govt employees for the F.Y.2017-18with new tax … [Read more...] about Extra Deduction of Rs. 50,000 on Home Loan Interest – Section 80EE, With Automated All in One TDS on Salary for Govt & Non-Govt Employees For F.Y. 2017-18.