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Tax Benefits Under Key Income Tax Sections
Posted On
18th March 2025
Tax Benefits Under Key Income Tax Sections
Home loan borrowers can take advantage of several tax benefits under specific sections of the Income Tax Act. Section 80C allows for deductions on principal repayment up to ₹1.5 lakh annually. Section 24(b) provides deductions for interest paid on home loans, up to ₹2 lakh per year. First-time homebuyers can benefit from Section 80EE, which offers an additional ₹50,000 deduction on interest payments. Section 80EEA offers another ₹1.5 lakh deduction for interest paid on affordable homes, making homeownership more affordable for many. This infographic simplifies how these different tax sections can be combined to reduce your taxable income and maximize the savings you get from your home loan, providing an easy-to-understand breakdown of these essential benefits.

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