About this tool
Review a home-loan tax-benefit estimate by separating principal and interest assumptions. Compare the property-use and regime choices with the borrower’s actual records before treating either component as a tax saving.
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server.
मुख्य इनपुट और नियंत्रण हिंदी में देखने के लिए ऊपर “🇮🇳 हिंदी में देखें” चुनें। गणना और फ़ाइल प्रोसेसिंग इसी ब्राउज़र टैब में होती है; टूल आपके इनपुट हमारी होस्टिंग पर नहीं भेजता।
Features
- Work with Annual Home Loan Interest Paid (₹); Annual Home Loan Principal Repaid (₹); Other 80C Investments (EPF/PPF/LIC) (₹).
- Marginal Tax Slab Rate (%) (Old Regime): choose from 20% Slab (20.8% incl. Cess); 30% Slab (31.2% incl. Cess).
- Review Sec 24(b) Interest Allowed; Sec 80C Principal Allowed; Combined Deduction in the result breakdown.
Benefits
- Keep principal and interest treatment distinct.
- Compare the selected property scenario in a single worksheet.
Who should use this tool?
- Home-loan borrowers reviewing an estimate.
- Tax preparers checking loan-related inputs.
How to use
- Complete the labelled fields for your scenario, including Annual Home Loan Interest Paid (₹); Annual Home Loan Principal Repaid (₹); Other 80C Investments (EPF/PPF/LIC) (₹). Use the units shown beside each field.
- Choose Marginal Tax Slab Rate (%) (Old Regime) to match the situation you want to check.
- Select Calculate / Run Tool and review Total Home Loan Deduction & Tax Saved and Sec 24(b) Interest Allowed; Sec 80C Principal Allowed.
- Check the assumptions and limitations below. Adjust a value to compare scenarios, then copy or download the result you need.
Try these worked examples
| Scenario | Example inputs | Example result |
|---|---|---|
| ₹2.6L Interest + ₹1.4L Principal (30% Slab) | Annual Home Loan Interest Paid (₹): 260000Annual Home Loan Principal Repaid (₹): 140000Other 80C Investments (EPF/PPF/LIC) (₹): 50000Marginal Tax Slab Rate (%) (Old Regime): 30% Slab (31.2% incl. Cess) | Deduction: ₹3,00,000 | Tax Saved: ₹93,600 |
| ₹1.5L Interest + ₹80k Principal (20% Slab) | Annual Home Loan Interest Paid (₹): 150000Annual Home Loan Principal Repaid (₹): 80000Other 80C Investments (EPF/PPF/LIC) (₹): 40000Marginal Tax Slab Rate (%) (Old Regime): 20% Slab (20.8% incl. Cess) | Deduction: ₹2,30,000 | Tax Saved: ₹47,840 |
Reference and processing
Income Tax Department India — Section 24(b) & Section 80C · Listed applicability: AY 2026-27
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server.
FAQs
Is the lender’s total EMI the interest deduction?
An EMI can contain both principal and interest. Use the appropriate component from the lender’s records and verify the applicable conditions rather than entering the whole instalment as interest.
Which inputs do I need for Home Loan Tax Benefit Calculator (Section 24(b) & 80C)?
Use Annual Home Loan Interest Paid (₹); Annual Home Loan Principal Repaid (₹); Other 80C Investments (EPF/PPF/LIC) (₹); Marginal Tax Slab Rate (%) (Old Regime). The built-in examples show how those fields fit together.
What should I check before using this result?
Under the Old Regime, total loss from House Property set off against Salary is capped at ₹2,00,000 per year u/s 71(3A). Check current official rules and your own circumstances before making a filing or financial decision.
What happens to the information I enter?
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server. Tool favourites save only tool IDs in this browser. Sharing sends the tool link, not your working values or files.