Home Loan Tax Benefit Calculator — Interest and Principal

Calculate housing-loan deductions and usable tax loss

Tax-benefit summary

Legacy sections 80EE and 80EEA require separate sanction-date and property-value tests.

House-property interest deduction

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Principal deduction under 80C

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Measure	Amount
Income/loss from property after 30% deduction and interest	—
Current-year loss usable against other heads	—
Additional verified 80EE/80EEA deduction	—
Total displayed deduction/usable loss	—

Core treatment

Self-occupied purchase/construction interest: up to ₹2 lakh where the statutory conditions are met; otherwise generally ₹30,000.
Let-out property: actual interest is considered in the house-property computation.
Old regime: house-property loss can generally be set off against other heads up to ₹2 lakh, with eligible balance carried forward.
New regime: self-occupied interest and section 80C principal deduction are unavailable; let-out loss cannot be set off against other heads or carried forward under the portal guidance.

Section 80C principal is constrained by the combined ₹1.5 lakh cap and other conditions, including reversal risks on early transfer.

Official source: Income Tax Department portal — verify the exact current provision, form and effective date on the official portal before relying on this estimate.