# Home Loan Tax Benefit Calculator: Section 24(b) and 80C > Home loan tax benefit calculator for FY 2026-27: interest up to INR 2 lakh under 24(b), principal under 80C, self-occupied vs let-out, old vs new regime. Source: https://trykosh.com/tools/home-loan-tax-benefit-calculator Free tool - Income tax # Home loan tax benefit calculator See how much your home loan cuts your tax this year, whether the house is self-occupied or rented out, and in which regime. Rules checked 25 October 2026Free - no sign-upRuns in your browser Tax saved by the home loan (old regime) INR 93,600 New regime saves INR 0 Interest deduction, 24(b) (cap INR 2 lakh) INR 2,00,000 Loss set off against salary (cap INR 2 lakh) INR 2,00,000 Principal under 80C (shared INR 1.5 lakh cap) INR 1,00,000 Old-regime tax with the loan INR 3,04,200 New-regime tax with the loan INR 1,92,400 For a self-occupied home, the new regime gives no deduction for interest or principal. ## Upload your statement and Kosh does this for you. Upload a bank statement or salary slip and Kosh works out your tax under both regimes from your real numbers, finds the deductions you're missing and reminds you before every deadline. [Start free](/signup?via=tool-home-loan-tax-benefit-calculator) ## How the home loan tax benefit calculator works A home loan gives two deductions in the old regime. Interest on a loan for a self-occupied house is deductible up to INR 2 lakh a year under section 24(b). Principal repaid counts toward the INR 1.5 lakh 80C limit, along with stamp duty and registration in the year of purchase. If the house is let out, interest is deductible against the rent without a cap. But a resulting loss can reduce your salary income by at most INR 2 lakh a year; the rest carries forward for eight years. The rent itself is taxed after a 30% standard deduction for repairs. The new regime gives nothing for a self-occupied home. For a let-out house it allows interest against the rent, but not a loss against salary. The calculator works out each case using your salary and the 80C you already claim. ## Worked example: Sameer's first year in his own flat Sameer paid INR 2.8 lakh in interest and INR 1.1 lakh in principal this year, and already has INR 90,000 of EPF under 80C. In the old regime he can deduct INR 2 lakh of interest and INR 60,000 of principal (the room left in 80C), saving INR 81,120. The new regime gives him nothing, but with a INR 22 lakh salary it still costs INR 2,40,500 against INR 3,66,600 in the old. Tax saved by the home loan (old regime) INR 81,120 New regime saves INR 0 Interest deduction, 24(b) (cap INR 2 lakh) INR 2,00,000 Loss set off against salary (cap INR 2 lakh) INR 2,00,000 Principal under 80C (shared INR 1.5 lakh cap) INR 60,000 Old-regime tax with the loan INR 3,66,600 New-regime tax with the loan INR 2,40,500 For a self-occupied home, the new regime gives no deduction for interest or principal. [Load this example into the calculator ->](?salary=2200000&interest=280000&principal=110000&c80=90000#calculator) ## Good to know - Interest paid before you get possession is deductible in five equal parts starting from the year of possession, within the INR 2 lakh limit. - Joint borrowers who are also co-owners can each claim up to INR 2 lakh of interest and INR 1.5 lakh under 80C. - Get the interest certificate from your lender each year; it splits your EMIs into interest and principal. ## Frequently asked questions How much tax can I save on a home loan? In the old regime, up to INR 2 lakh of interest and INR 1.5 lakh of principal (inside 80C). At the 30% slab that's worth up to INR 1,09,200 a year with cess. Is home loan interest deductible in the new tax regime? Not for a self-occupied home. For a let-out property, interest is deductible against rent, but any loss can't be set off against salary or carried forward. Can I claim a home loan deduction for an under-construction house? Not until construction finishes. Pre-construction interest is then claimed in five equal instalments from the year of completion, within the INR 2 lakh annual cap. ## Sources and assumptions - [Income Tax Department](https://www.incometax.gov.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.