Section 80EEA allows up to ₹1,50,000 interest for an individual not eligible under section 80EE where the loan was sanctioned from 1 April 2019 to 31…
Section 80EEA allows up to ₹1,50,000 interest for an individual not eligible under section 80EE where the loan was sanctioned from 1 April 2019 to 31 March 2022, stamp-duty value did not exceed ₹45 lakh and no residential house was owned on the sanction date.
The scheme is closed to newly sanctioned loans but can continue for qualifying historic loans. The same interest cannot be deducted twice. Section 80EEA uses stamp-duty value, not merely the agreement price or loan amount. It is ordinarily relevant under the old regime.
An eligible first-time buyer has ₹3,20,000 interest for FY 2025–26 on a self-occupied house. If ₹2,00,000 is claimed under section 24(b), ₹1,20,000 may be claimed under section 80EEA. The total cannot include the same rupee of interest twice.
For the complete rules on this topic, see the core guide: Section 80EE & 80EEA: Extra Home Loan Interest Deduction.
See the broader Income-tax Act 2025 study guide hub for related rules and calculators on this topic.
Section 80EEA allows up to ₹1,50,000 interest for an individual not eligible under section 80EE where the loan was sanctioned from 1 April 2019 to 31 March 2022, stamp-duty value did not exceed ₹45 lakh and no residential house was owned on the sanction date.
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