Section 80EEA Budget 2019 proposes the insertion of section 80EEA to increase the benefit of Tax Deduction on the interest paid towards home loan up to Rs 45 lakhs for affordable housing. The additional tax deduction of Rs 1.50 lakhs is for the home loan taken up to 31st March 2020. The cumulative benefit would be Rs 7 lakhs for 15 years loan. Affordable Housing means a dwelling unit with the carpet area less than or equal to 60 square meters in metropolitan cities or 90 square meters in cities or towns…