Tax 2026-03-28 8 min read

Complete Guide to Home Loan Tax Benefits Under Sections 80C and 24(b)

Maximize your tax savings with home loan benefits. Learn how to claim deductions on principal repayment and interest under the Income Tax Act.

A home loan is not just a liability - it comes with significant tax benefits that can reduce your overall tax burden. Here's a comprehensive guide.

Section 80C: Principal Repayment

Deduction up to ₹1.5 lakh per year

Includes registration and stamp duty charges

Lock-in period of 5 years for the property

Up to ₹2 lakh deduction for self-occupied property

No upper limit for let-out property

Interest during construction can be claimed in 5 equal installments

Joint loan: Both co-owners can claim deductions

First-time home buyers: Additional ₹1.5 lakh under Section 80EEA

Calculate your monthly EMI, total interest, and total payment for any loan. Free, instant, and bank-accurate EMI calculations.

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Calculate your income tax under New and Old tax regimes. Free tax calculator for FY 2025-26 with 80C deductions and 87A rebate.