{"id":1442,"date":"2026-07-22T12:30:06","date_gmt":"2026-07-22T07:00:06","guid":{"rendered":"https:\/\/www.taptaploans.in\/blog\/?p=1442"},"modified":"2026-08-11T14:59:09","modified_gmt":"2026-08-11T09:29:09","slug":"home-loan-tax-benefits-80c-24b","status":"publish","type":"post","link":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/","title":{"rendered":"Home Loan Tax Benefits in India: Section 80C &amp; 24(b) Explained"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.taptaploans.in\/blog\/home-loan-interest-rates-india-2026\/\"><strong>Home loan tax benefits in India<\/strong><\/a> come mainly from two sections. Section 80C, up to \u20b91.5 lakh on principal repayment. Section 24(b), up to \u20b92 lakh on interest paid, for a self-occupied property. This guide breaks down both, with a worked example.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Section 80C: Principal Repayment Deduction<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Under Section 80C, you can claim a deduction of up to \u20b91.5 lakh per year, on the principal portion of your <a href=\"https:\/\/www.taptaploans.in\/blog\/missed-emi-cibil-score-impact\/\"><strong>home loan EMI<\/strong><\/a>. This limit is shared with other 80C investments, PF, ELSS, life insurance premiums, so your total claim across all of these combined cannot exceed \u20b91.5 lakh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Section 24(b): Interest Deduction<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Under Section 24(b), you can claim up to \u20b92 lakh per year on the interest portion of <a href=\"https:\/\/www.taptaploans.in\/blog\/emi-too-high-what-to-do-india\/\"><strong>your home loan EMI<\/strong><\/a>, for a self-occupied property. This is a separate limit from 80C, so both deductions can be claimed together.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For a rented-out property, there\u2019s no upper cap on the interest deduction, though the total loss you can set off against other income in a given year is capped at \u20b92 lakh, with the remainder carried forward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Additional Benefit Under Section 80EEA<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.taptaploans.in\/blog\/home-loan-first-time-buyers-guide-india\/\"><strong>First-time home buyers<\/strong><\/a>, meeting specific conditions around property value and loan amount, may be eligible for an additional deduction under Section 80EEA, on top of the standard 24(b) limit. Eligibility criteria and limits change periodically, so confirm current applicability with a tax advisor before assuming you qualify.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Joint Home Loan Tax Benefit<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you take a <a href=\"https:\/\/www.taptaploans.in\/blog\/home-loan-documents-required\/\"><strong>home loan<\/strong><\/a> jointly, with a spouse or family member as co-applicant and co-owner, each of you can claim these deductions separately, on your own share of the EMI. This effectively doubles your combined tax benefit, a meaningful reason many couples choose to apply jointly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>A Worked Example<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Say <a href=\"https:\/\/www.taptaploans.in\/about\"><strong>your annual EMI outflow<\/strong><\/a> is \u20b96,00,000, split roughly \u20b92,00,000 toward principal and \u20b94,00,000 toward interest. You can claim the full \u20b91.5 lakh under 80C, and the full \u20b92 lakh under 24(b), for a combined \u20b93.5 lakh in deductions, assuming you haven\u2019t exhausted your 80C limit elsewhere.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Apply this jointly with a co-applicant, and your household could potentially claim close to double this amount, depending on how the EMI and ownership are split.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Old Tax Regime vs New Tax Regime<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This matters significantly. Home loan interest and principal deductions under 80C and 24(b) are generally available only under the old tax regime, for a self-occupied property. The new tax regime, with its lower slab rates, doesn\u2019t allow most of these deductions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before choosing a <a href=\"https:\/\/blogs.fineye.co\/blog-input-tax-credit-gst\/\"><strong>tax regime<\/strong><\/a>, calculate both scenarios with your specific numbers, since the better choice depends heavily on how much you\u2019re claiming through home loan and other deductions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Common Mistakes That Reduce Your Tax Benefit<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not separating the principal and interest components correctly when filing. Forgetting that a rented property has different <a href=\"https:\/\/www.taptaploans.in\/blog\/personal-loan-balance-transfer-2\/\"><strong>interest-deduction rules<\/strong><\/a> than a self-occupied one. And assuming both spouses automatically get the deduction, without confirming that both are co-owners and co-borrowers, which is required to claim it individually.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Claim These Deductions<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Your lender provides an annual interest certificate, breaking down your principal and interest paid for the financial year. Use this directly when filing your return, in the specific sections for 80C and 24(b) deductions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1785132306612\"><strong class=\"schema-faq-question\"><strong>How much tax can I save on a home loan?<\/strong> <br><\/strong> <p class=\"schema-faq-answer\">Up to \u20b91.5 lakh under Section 80C for principal, and up to \u20b92 lakh under Section 24(b) for interest, for a self-occupied property. Combined, that\u2019s up to \u20b93.5 lakh in annual deductions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785132324468\"><strong class=\"schema-faq-question\"><strong>Is home loan interest deduction available under the new tax regime?<\/strong> <br><\/strong> <p class=\"schema-faq-answer\">Generally no, for a self-occupied property. Most home loan deductions are available primarily under the old tax regime.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785132342097\"><strong class=\"schema-faq-question\"><strong>Can both co-applicants claim home loan tax benefits separately?<\/strong> <\/strong> <p class=\"schema-faq-answer\">Yes, provided both are co-owners and co-borrowers on the loan. Each can claim deductions on their own share of the EMI.<br><\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1785132376936\"><strong class=\"schema-faq-question\"><strong>Does a rented-out property have different tax rules?<\/strong> <br><\/strong> <p class=\"schema-faq-answer\">Yes. There\u2019s no upper cap on the interest deduction for a rented property, though the loss you can set off against other income in a given year is capped, with the remainder carried forward.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Want to see how a home loan fits your overall finances? <\/em><a href=\"https:\/\/www.taptaploans.in\/\"><em><strong>Compare your options with TapTap<\/strong><\/em><\/a><em> across 20+ lenders.<\/em><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.taptaploans.in\/blog\/\">Home<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Home Loan Tax Benefits<\/span><\/span><\/div>","protected":false},"excerpt":{"rendered":"<p>Home loan tax benefits in India come mainly from two sections. Section 80C, up to \u20b91.5 lakh on principal repayment. Section 24(b), up to \u20b92 lakh on interest paid, for a self-occupied property. This guide breaks down both, with a worked example. Section 80C: Principal Repayment Deduction Under Section 80C, you can claim a deduction&hellip;<\/p>\n","protected":false},"author":7,"featured_media":1449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[218],"tags":[183,228,21,74,27,230,229,176],"class_list":["post-1442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-business-loans","tag-home-loan","tag-income-tax","tag-loan-interest-rates-india","tag-personal-loan","tag-personal-loan-india","tag-section-24b","tag-section-80c","tag-tax-benefits"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Loan Tax Benefits: Section 80C &amp; 24(b) Explained<\/title>\n<meta name=\"description\" content=\"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Loan Tax Benefits: Section 80C &amp; 24(b) Explained\" \/>\n<meta property=\"og:description\" content=\"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/\" \/>\n<meta property=\"og:site_name\" content=\"TapTap Loans\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-22T07:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-11T09:29:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1088\" \/>\n\t<meta property=\"og:image:height\" content=\"608\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mahie Gupta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@taptaploans\" \/>\n<meta name=\"twitter:site\" content=\"@taptaploans\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mahie Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/\"},\"author\":{\"name\":\"Mahie Gupta\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#\\\/schema\\\/person\\\/14f6e9804084ac848e204ee872c7d948\"},\"headline\":\"Home Loan Tax Benefits in India: Section 80C &amp; 24(b) Explained\",\"datePublished\":\"2026-07-22T07:00:06+00:00\",\"dateModified\":\"2026-08-11T09:29:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/\"},\"wordCount\":693,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png\",\"keywords\":[\"Home Loan\",\"Income Tax\",\"loan interest rates India\",\"Personal Loan\",\"personal loan India\",\"Section 24(b)\",\"Section 80C\",\"tax benefits\"],\"articleSection\":[\"Home &amp; Business Loans\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/\",\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/\",\"name\":\"Home Loan Tax Benefits: Section 80C & 24(b) Explained\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png\",\"datePublished\":\"2026-07-22T07:00:06+00:00\",\"dateModified\":\"2026-08-11T09:29:09+00:00\",\"description\":\"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132306612\"},{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132324468\"},{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132342097\"},{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132376936\"}],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png\",\"contentUrl\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png\",\"width\":1088,\"height\":608,\"caption\":\"Understand tax deductions available on home loan principal and interest payments\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home Loan Tax Benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/\",\"name\":\"Taptap Loans\",\"description\":\"Compare Personal Loans &amp; Reduce Your EMI with Expert Help\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#organization\",\"name\":\"Taptap Loans\",\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Taptap Loans\"},\"image\":{\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/taptaploans\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/#\\\/schema\\\/person\\\/14f6e9804084ac848e204ee872c7d948\",\"name\":\"Mahie Gupta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g\",\"caption\":\"Mahie Gupta\"},\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/author\\\/mahi-guptabefisc-com\\\/\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132306612\",\"position\":1,\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132306612\",\"name\":\"How much tax can I save on a home loan?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Up to \u20b91.5 lakh under Section 80C for principal, and up to \u20b92 lakh under Section 24(b) for interest, for a self-occupied property. Combined, that\u2019s up to \u20b93.5 lakh in annual deductions.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132324468\",\"position\":2,\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132324468\",\"name\":\"Is home loan interest deduction available under the new tax regime?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Generally no, for a self-occupied property. Most home loan deductions are available primarily under the old tax regime.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132342097\",\"position\":3,\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132342097\",\"name\":\"Can both co-applicants claim home loan tax benefits separately?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, provided both are co-owners and co-borrowers on the loan. Each can claim deductions on their own share of the EMI.<br>\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132376936\",\"position\":4,\"url\":\"https:\\\/\\\/www.taptaploans.in\\\/blog\\\/home-loan-tax-benefits-80c-24b\\\/#faq-question-1785132376936\",\"name\":\"Does a rented-out property have different tax rules?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. There\u2019s no upper cap on the interest deduction for a rented property, though the loss you can set off against other income in a given year is capped, with the remainder carried forward.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Home Loan Tax Benefits: Section 80C & 24(b) Explained","description":"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/","og_locale":"en_GB","og_type":"article","og_title":"Home Loan Tax Benefits: Section 80C & 24(b) Explained","og_description":"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.","og_url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/","og_site_name":"TapTap Loans","article_published_time":"2026-07-22T07:00:06+00:00","article_modified_time":"2026-08-11T09:29:09+00:00","og_image":[{"width":1088,"height":608,"url":"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png","type":"image\/png"}],"author":"Mahie Gupta","twitter_card":"summary_large_image","twitter_creator":"@taptaploans","twitter_site":"@taptaploans","twitter_misc":{"Written by":"Mahie Gupta","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#article","isPartOf":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/"},"author":{"name":"Mahie Gupta","@id":"https:\/\/www.taptaploans.in\/blog\/#\/schema\/person\/14f6e9804084ac848e204ee872c7d948"},"headline":"Home Loan Tax Benefits in India: Section 80C &amp; 24(b) Explained","datePublished":"2026-07-22T07:00:06+00:00","dateModified":"2026-08-11T09:29:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/"},"wordCount":693,"commentCount":0,"publisher":{"@id":"https:\/\/www.taptaploans.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#primaryimage"},"thumbnailUrl":"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png","keywords":["Home Loan","Income Tax","loan interest rates India","Personal Loan","personal loan India","Section 24(b)","Section 80C","tax benefits"],"articleSection":["Home &amp; Business Loans"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/","url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/","name":"Home Loan Tax Benefits: Section 80C & 24(b) Explained","isPartOf":{"@id":"https:\/\/www.taptaploans.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#primaryimage"},"image":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#primaryimage"},"thumbnailUrl":"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png","datePublished":"2026-07-22T07:00:06+00:00","dateModified":"2026-08-11T09:29:09+00:00","description":"Home loan tax benefits explained: Learn about Sections 80C and 24(b), joint loans, tax regimes, and deductions on principal and interest.","breadcrumb":{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132306612"},{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132324468"},{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132342097"},{"@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132376936"}],"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#primaryimage","url":"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png","contentUrl":"https:\/\/www.taptaploans.in\/blog\/wp-content\/uploads\/2026\/07\/Home-Loan-Tax-Benefits-in-India-Section-80C-24b-Explained.png","width":1088,"height":608,"caption":"Understand tax deductions available on home loan principal and interest payments"},{"@type":"BreadcrumbList","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.taptaploans.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Home Loan Tax Benefits"}]},{"@type":"WebSite","@id":"https:\/\/www.taptaploans.in\/blog\/#website","url":"https:\/\/www.taptaploans.in\/blog\/","name":"Taptap Loans","description":"Compare Personal Loans &amp; Reduce Your EMI with Expert Help","publisher":{"@id":"https:\/\/www.taptaploans.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.taptaploans.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.taptaploans.in\/blog\/#organization","name":"Taptap Loans","url":"https:\/\/www.taptaploans.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.taptaploans.in\/blog\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Taptap Loans"},"image":{"@id":"https:\/\/www.taptaploans.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/taptaploans"]},{"@type":"Person","@id":"https:\/\/www.taptaploans.in\/blog\/#\/schema\/person\/14f6e9804084ac848e204ee872c7d948","name":"Mahie Gupta","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7966ba663257854fc02a057f2bafc13086b67a213c1ee1688829a264d8f0d01a?s=96&d=mm&r=g","caption":"Mahie Gupta"},"url":"https:\/\/www.taptaploans.in\/blog\/author\/mahi-guptabefisc-com\/"},{"@type":"Question","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132306612","position":1,"url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132306612","name":"How much tax can I save on a home loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Up to \u20b91.5 lakh under Section 80C for principal, and up to \u20b92 lakh under Section 24(b) for interest, for a self-occupied property. Combined, that\u2019s up to \u20b93.5 lakh in annual deductions.","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132324468","position":2,"url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132324468","name":"Is home loan interest deduction available under the new tax regime?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Generally no, for a self-occupied property. Most home loan deductions are available primarily under the old tax regime.","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132342097","position":3,"url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132342097","name":"Can both co-applicants claim home loan tax benefits separately?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, provided both are co-owners and co-borrowers on the loan. Each can claim deductions on their own share of the EMI.<br>","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132376936","position":4,"url":"https:\/\/www.taptaploans.in\/blog\/home-loan-tax-benefits-80c-24b\/#faq-question-1785132376936","name":"Does a rented-out property have different tax rules?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. There\u2019s no upper cap on the interest deduction for a rented property, though the loss you can set off against other income in a given year is capped, with the remainder carried forward.","inLanguage":"en-GB"},"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/posts\/1442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/comments?post=1442"}],"version-history":[{"count":1,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/posts\/1442\/revisions"}],"predecessor-version":[{"id":1443,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/posts\/1442\/revisions\/1443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/media\/1449"}],"wp:attachment":[{"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/media?parent=1442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/categories?post=1442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taptaploans.in\/blog\/wp-json\/wp\/v2\/tags?post=1442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}