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Home Loan Tax Benefit Calculator

Estimate tax saved on home loan interest (Section 24b).

Last updated: 20 Aug 2026

Quick answer

Under Section 24(b), home loan interest is deductible up to ₹2,00,000 a year for a self-occupied home: tax saved = min(interest paid, 2,00,000) × your slab. For example, ₹2,00,000 interest at the 30% slab saves ₹60,000. (Principal repayment gets a separate 80C benefit.) Enter your figures above.

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Estimate the tax saved on home loan interest under Section 24(b) — deductible up to ₹2 lakh a year for a self-occupied property (old regime). Principal repayment gets a separate 80C benefit up to ₹1.5 lakh.

How to calculate home loan tax benefit

  1. 1 Enter the home loan interest paid in the year.
  2. 2 Select your income-tax slab.
  3. 3 We cap the deduction at ₹2 lakh and show the tax saved on interest.

Frequently asked questions

How much home loan interest is tax-deductible?
Up to ₹2 lakh a year for a self-occupied property under Section 24(b) in the old regime.
Is principal repayment deductible too?
Yes — principal qualifies under Section 80C up to ₹1.5 lakh (shared with other 80C items).
Does this apply in the new regime?
These deductions are available in the old regime; the new regime generally does not allow them for self-occupied homes.

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