Home Loan Tax Benefit Calculator

Calculate tax savings on home loan interest (Sec 24b) and principal (80C).

Loan & Income Details

% p.a.
years
Monthly EMI
₹43,391Annual: ₹5,20,692
Annual Principal (Yr 1)
₹99,509Repaid in first year
Annual Interest (Yr 1)
₹4,21,183Paid in first year
Sec 80C Deduction
₹99,509Max ₹1.5L (principal)
Sec 24(b) Deduction
₹2,00,000Max ₹2L (interest)
Annual Tax Saving
₹89,853Effective rate: 6.63% p.a.

Tax Benefit Breakdown (Year 1)

Gross Annual Income₹15,00,000
Less: Section 80C (Principal)− ₹99,509
Less: Section 24(b) (Interest)− ₹2,00,000
Net Taxable Income₹12,00,491
Tax Without Deductions₹2,62,500
Tax After Deductions₹1,72,647
Net Tax Saved₹89,853
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About Home Loan Tax Benefit Calculator

Calculate tax savings on home loan interest (Sec 24b) and principal (80C). Use this free calculator to make informed financial decisions. All calculations are performed instantly in your browser — no login required, no data stored.

Related Topics

home loan taxsection 2480c home loantax benefit

Frequently Asked Questions

How accurate is this calculator?

This calculator uses standard financial formulas and is designed for educational and planning purposes. For precise financial advice, please consult a certified financial planner.

Is my data saved or stored?

No. All calculations happen entirely in your browser. We do not store, transmit, or log any of the values you enter.

Can I share the results?

Yes! Use the Share buttons above to send this calculator via WhatsApp, Twitter/X, or copy the link. You can also print the results using the Print button.