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Combined Section 80C principal and Section 24(b) interest tax savings on a home loan, year by year.
This calculator splits a home loan EMI into principal and interest for any year of the loan, then applies the Indian old-regime deductions: Section 80C on principal repayment up to ₹1,50,000 and Section 24(b) on interest up to ₹2,00,000 for a self-occupied house. It also handles let-out property, where interest is deductible in full but the house-property loss set-off against other income is capped at ₹2,00,000 a year, and the optional Section 80EEA extra ₹1,50,000 on interest. Use it to see the real, after-tax cost of your home loan instead of the headline EMI.
Open Home Loan Tax Benefit Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Principal rises and interest falls over the tenure, so the 80C and 24(b) split changes every year — the table shows all of it.
80C is shared with your other investments, 24(b) is capped at ₹2 lakh for a self-occupied home, and excess let-out loss is shown as carried forward.
The result panel shows what the same year is worth under Section 115BAC, where 80C and self-occupied 24(b) are not available.
Under the old regime a self-occupied borrower can claim up to ₹1,50,000 of principal under Section 80C and up to ₹2,00,000 of interest under Section 24(b) — ₹3,50,000 in total, which is worth about ₹1,09,200 at the 30% slab with 4% cess.
No. Under the new regime (Section 115BAC) there is no Section 80C deduction and no Section 24(b) interest deduction for a self-occupied house. Interest on a let-out property can still be set off against the rental income of that property, but the resulting loss cannot be set off against salary.
There is no cap on the interest itself for a let-out house, but the loss under the head 'income from house property' that you can set off against other income is limited to ₹2,00,000 per year. Anything above that is carried forward for up to eight assessment years.
Deductions start only in the financial year in which construction is completed and possession is taken. Interest paid before that is aggregated as pre-construction interest and claimed in five equal annual instalments, still inside the same ₹2,00,000 self-occupied cap.
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