Home Loan Tax Benefit Calculator 2026
See your income-tax savings on a home loan under Section 24(b), 80C and 80EEA (old regime).
Quick answer: Under the old regime you can deduct up to ₹2 lakh of home-loan interest (Section 24b) and ₹1.5 lakh of principal (Section 80C) a year — worth up to about ₹1.09 lakh in tax saved at the 30% slab, and more if you also qualify for the ₹1.5 lakh Section 80EEA interest deduction.
Marginal rate — 5, 10, 15, 20 or 30%.
Total deduction (yr 1)
₹2,99,511
Tax saved (yr 1)
₹89,853
Effective rate after tax
7.29%
These deductions apply under the old tax regime (the new regime does not allow them for self-occupied property). 80C is shared with EPF/PPF/insurance. Figures are for year 1; interest reduces over the loan.
How this calculator works
- 1
Enter your loan amount, rate and tenure
The calculator derives your first-year interest and principal.
- 2
Set your tax slab
Enter your marginal rate — 5, 10, 15, 20 or 30%.
- 3
Choose occupancy and 80EEA eligibility
Toggle self-occupied and whether you qualify for the affordable-housing 80EEA benefit.
- 4
See your deductions and tax saved
View Section 24(b), 80C and 80EEA deductions and the resulting tax saving.
Frequently Asked Questions
Under the old regime you can deduct up to ₹2 lakh of interest (Section 24b) and ₹1.5 lakh of principal (Section 80C) a year. At the 30% slab that is up to about ₹1.09 lakh in tax saved, and more if you also qualify for the ₹1.5 lakh Section 80EEA interest deduction.
Section 24(b) lets you deduct home-loan interest — up to ₹2 lakh a year for a self-occupied property. For a let-out property there is no cap, but the overall house-property loss you can set off is limited to ₹2 lakh a year.
For a self-occupied property, no — Sections 24(b), 80C and 80EEA are only available under the old regime. For a let-out property, interest deduction under Section 24(b) is still allowed in the new regime.
Section 80EEA gives first-time buyers of eligible affordable housing an additional interest deduction of up to ₹1.5 lakh a year, over and above the ₹2 lakh under Section 24(b), subject to conditions on stamp value and loan sanction dates.
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→ Get Free AuditReviewed by Ekatra's home-loan experts · Updated May 2026. Calculations are indicative; consult a financial advisor for personalised advice.