Home Loan Tax Benefit Calculator
Estimate the potential income-tax benefit from home-loan interest and principal repayments under selected tax-regime assumptions.
Enter Home Loan Details
Annual Gross Income₹12,00,000
Annual Home Loan Interest Paid₹2,00,000
Annual Principal Repaid₹1,00,000
Tax Regime
Property Occupancy
For an indicative estimate. Actual deductions can depend on property use, loan purpose, date of borrowing and applicable tax rules.
Estimated Tax Benefit
Interest Deduction Considered₹2,00,000
Principal Deduction Considered₹1,00,000
Total Deduction Considered₹3,00,000
Estimated Tax Saved₹60,000
Estimated Annual Tax Saving₹60,000
Annual Income₹12,00,000
Interest Deduction₹2,00,000
Principal Deduction₹1,00,000
Tax RegimeOld Tax Regime
Estimated Tax Saving₹60,000
Principal deductionInterest deduction
Important: This is an indicative tax-benefit estimator, not tax advice. Home-loan deductions and tax rates depend on the applicable financial year, tax regime, property occupancy, loan conditions and other taxpayer circumstances. The calculator uses a simplified marginal-rate estimate and does not calculate your complete income-tax liability. Confirm the current rules with a qualified tax professional or the Income Tax Department before filing.
| Tax Rate Used | Eligible Deduction | Illustrative Tax Saving |
|---|---|---|
| 10% | ₹1,00,000 | ₹10,000 |
| 20% | ₹1,00,000 | ₹20,000 |
| 30% | ₹1,00,000 | ₹30,000 |