The principal portion of your home loan EMI qualifies for 80C deduction up to ₹1.5L per year (combined with all other 80C investments). The interest portion is separately deductible under Section 24(b) up to ₹2L. So a home loan EMI gives BOTH 80C principal benefit AND Section 24 interest benefit - the calculator splits and tax-optimizes both.
When to use this
Use when: filing ITR with home-loan disclosures, deciding whether old regime (with 80C + 24) is cheaper than new regime, prepaying home loan strategically (prepayments reduce principal faster but also reduce 80C eligibility in current year), planning fresh home-loan EMI in a tax-efficient way.
Frequently Asked Questions
Is the principal AND interest both deductible?
Yes - they're separate sections. Section 80C: principal repayment up to ₹1.5L (shared with PPF / ELSS / etc.). Section 24(b): interest up to ₹2L for self-occupied property (no cap for let-out property). For self-occupied: combined ~₹3.5L max deductibility from home loan.
What about stamp duty and registration?
Yes - stamp duty + registration fees paid in the year of purchase qualify for 80C (within the ₹1.5L cap). One-time benefit only. Many buyers forget this; flag it in your first ITR after purchasing a home.
Powered by 80C Deductions Calculator.