Calculate your tax savings under Section 24(b), 80C, and 80EEA of the Income Tax Act
Note: Home loan benefits are only available under Old Tax Regime
Annual Tax Saving
₹0
Total Tax Saving
₹0
Effective Interest Rate
0%
| Section | Description | Max Deduction | Your Benefit |
|---|
After accounting for tax benefits, your effective interest rate is reduced from 0% to 0%.
Deduction of up to ₹2,00,000 on interest paid on home loan for self-occupied property.
Deduction of up to ₹1,50,000 on principal repayment of home loan.
Additional deduction of up to ₹1,50,000 on interest for first-time homebuyers (stamp duty < ₹45L).
• Tax benefits are available only under Old Tax Regime
• Property should be in India
• Loan should be from recognized financial institution