Free tool · Rules updated 28 Sep 2026
Home Loan Tax Benefit Calculator — Section 24(b) & 80C
For a self-occupied house, interest up to ₹2 lakh a year is deductible under Section 24(b) and principal repayment counts within the ₹1.5 lakh 80C limit — in the old regime. For a let-out house, interest is deductible against rent in both regimes.
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Home Loan Tax Benefit — common questions
Is home loan interest allowed in the new regime?
Not for a self-occupied house. For a let-out house, interest is allowed against rental income, but the resulting loss cannot be set off against salary.
Can both co-owners claim?
Yes, each co-borrower who is also a co-owner can claim up to the limits for their share.
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