Tax Saver
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Home Loan Tax Saver — 80C + 24(b) & Old vs New Regime
Compute home loan tax benefit: principal up to ₹1.5L under 80C plus interest up to ₹2L under 24(b). New regime gives zero — compare both.
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Home Loan Tax Saver — 80C + 24(b) Optimizer
Old regime: principal up to ₹1.5L (80C) + interest up to ₹2L (24b). New regime: zero housing benefit.
₹80 L
YEAR 1 TAX SAVING
Income Tax Saved This Year
₹1.05 L
EMI ₹69,426/mo • 30% slabPrincipal paid (yr):₹1.59 L
80C benefit (cap ₹1.5L):₹45,000
Interest paid (yr):₹6.74 L
24(b) benefit (cap ₹2L):₹60,000
Lifetime interest on loan:₹86.62 L
How to Use the Loan Tax Saver
1. Enter Loan Details
Amount, rate, tenure and the year you want analyzed.
2. Pick Regime & Slab
Old vs new regime and your tax slab.
3. See Yearly Saving
80C + 24(b) benefit, lifetime interest and regime guidance.
Frequently Asked Questions
How much tax can I save on a home loan?
Under the old regime: principal repaid up to ₹1.5L under 80C plus interest up to ₹2L under 24(b) for a self-occupied house. At 30% slab that is up to ~₹1.05L saved per year.
Is there home loan benefit in the new regime?
No. The new regime offers zero deduction for principal or interest. With a large loan, staying in the old regime often wins — compute both before opting.