PropyMart · 2026
Save ₹1–2 L annually
A home loan gives you three tax benefits: Section 80C (principal repayment), Section 24(b) (interest payment), and Section 80EEA (first-time buyer additional deduction). Together they can save ₹1–2 L in tax annually.
Deduct up to ₹2 L per year on home loan interest for a self-occupied property. For let-out properties, the full interest is deductible (no cap). Available from the year possession is received.
Principal repayment is deductible up to ₹1.5 L per year under Section 80C (combined with EPF, PPF, ELSS, life insurance, etc.). The property must not be sold within 5 years of possession.
₹1.5 L extra deduction
First-time home buyers can claim an additional ₹1.5 L deduction on interest under Section 80EEA, over and above the ₹2 L Section 24 limit. Applicable for sanctioned loans (check current eligibility with a CA).
Interest paid during construction (before possession) can be claimed in 5 equal instalments starting from the year of possession. Adds up significantly for large loans — keep all pre-EMI receipts.
PropyMart's home loan tax calculator shows your exact 80C + 24(b) + 80EEA benefits based on your loan amount, rate, and income slab. Know your net after-tax EMI before you decide.
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