Home Loan Tax Benefit Calculator
Calculate your home loan tax benefits, deductions, and savings under Section 24(b) and Section 80C of the Indian Income Tax Act. Perfect for HDFC, SBI, ICICI, and other bank home loans. Compare old regime vs new regime tax benefits for 2025.
Loan & Tax Details
Enter the home loan amount
Enter as percentage (e.g., 8.5 for 8.5%)
Loan tenure in years
Your annual taxable income
Choose your tax regime
First or second home loan
Individual or joint home loan
Year when loan was disbursed
Current assessment year (default: 2025)
For Section 80C deduction (up to ₹1.5 lakh). Leave 0 to use calculated principal.
Tax Benefit Summary
Monthly EMI
₹43,391
Total Tax Savings
₹1,40,248
Effective Loan Cost
₹52,73,631
Total Interest Paid
₹54,13,879
Total Deductions
₹4,49,511
Avg. Annual Tax Savings
₹1,40,248
Interest Deduction (Section 24b)
₹3,50,000
Up to ₹2 lakh per year for first home
Principal Deduction (Section 80C)
₹99,511
Up to ₹1.5 lakh per year (old regime only)
Year-wise Tax Benefits
Tax Benefit Information
Section 24(b): Interest deduction up to ₹2 lakh per year for first home. For second home, interest deduction is limited but net rental income is considered.
Section 80C: Principal repayment deduction up to ₹1.5 lakh per year (old regime only).
Section 80EEA: Additional ₹1.5 lakh interest deduction for first-time homebuyers with income up to ₹50 lakh (old regime only).
Note: Tax calculations are estimates. Please consult a tax advisor for accurate tax planning.