# Home Loan Tax Benefit Calculator — Section 24(b) & 80C

For a self-occupied house, interest up to ₹2 lakh a year is deductible under Section 24(b) and principal repayment counts within the ₹1.5 lakh 80C limit — in the old regime. For a let-out house, interest is deductible against rent in both regimes.

Open the calculator: https://itrfilingonline.in/tools/home-loan-tax-benefit

## FAQ

### Is home loan interest allowed in the new regime?

Not for a self-occupied house. For a let-out house, interest is allowed against rental income, but the resulting loss cannot be set off against salary.

### Can both co-owners claim?

Yes, each co-borrower who is also a co-owner can claim up to the limits for their share.

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By ITR Filing Online (TaxCaller India LLP). Call 9911146650.