Home Loan Tax Benefit Calculator

How to Use Samman Capital's Home Loan Tax Benefit Calculator?

Enter a few details to estimate your home loan tax savings

Select Financial Year
1

Select Financial Year

Choose the financial year for which you want to calculate tax benefits.

Tax rules and deductions may vary across financial years.

Enter Annual Income
2

Enter Annual Income

Enter your total yearly income before deductions.

This helps estimate your tax liability and potential savings.

Add Interest Paid
3

Add Interest Paid

Enter the yearly home loan interest paid.

You can claim deductions under Section 24 of the Income Tax Act.

Add Principal Repayment
4

Add Principal Repayment

Enter the principal amount repaid during the year.

Eligible deductions can be claimed under Section 80C.

Tax Benefit & Planning

Your home loan can help you save on taxes. Payments towards both the principal and interest qualify for income tax deductions. The Sammaan Capital Home Loan Tax Benefit Calculator is a convenient online tool designed to help you accurately calculate the amount you'll owe on your home loan after accounting for all eligible tax deductions.

Section 24: Claim deduction upto ₹200,000 on the interest paid towards a home loan. For properties that are rented out, there is no limit on the amount of deduction.

Section 80C: Get a maximum of ₹1,50,000 deduction on repayment of the principal amount of the property loan. Stamp duty and registration fees are also considered under this amount.

Frequently Asked Questions

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