Tax Benefit

The home loan borrower enjoys Tax Benefits on both Interest paid and the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 2,00,000.

Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings and investments is eligible for tax deduction up to a maximum limit of Rs. 1,50,000.