income-tax Client-Side Only

Home Loan Tax Benefit Calculator

Calculate annual income tax savings on home loan interest under Section 24(b) up to ₹2,00,000 and principal under Section 80C.

Section 24(b) Deduction (Interest)
2,00,000
Max statutory limit: ₹2,00,000 for self-occupied property.
Section 80C Deduction (Principal)
1,20,000
Part of the ₹1.5L umbrella limit under Section 80C.

Quick Reference & Instructions

Simple steps, pro tips, and execution details

1

Provide Inputs

Type, paste, or select your values in the form fields below.

2

Instant Live Analysis

Calculations and formatting happen automatically with zero delay as you type.

3

Copy or Use Output

Copy results or apply the clean output directly to your projects.

How It Works

Splits annual loan payments into interest and principal portions to determine maximum deductible allowances.

Formula & Logic

Total Benefit=min(200000,Interest)+min(150000,Principal)\text{Total Benefit} = \min(200000, \text{Interest}) + \min(150000, \text{Principal})

Frequently Asked Questions

Common questions about calculations, assumptions, and edge cases.

Yes, Home Loan Tax Benefit Calculator is 100% free with unlimited calculations and zero paywalls or subscriptions.