INCOME TAX
Home Loan Tax Benefit Calculator
Calculate self-occupied or let-out property income, eligible interest and the resulting tax effect.
Browser-only calculation: your inputs stay in this browser. Educational estimates; verify eligibility and current official rules before acting.
Full tax computation
| Computation | Old regime | New regime |
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Detailed calculation breakdown
Explore the projection schedule
Illustrative values based on the assumptions above.
UNDERSTAND THE CALCULATION
How to use Home Loan Tax Benefit Calculator
Calculate self-occupied or let-out property income, eligible interest and the resulting tax effect.
Inputs and definitions
Ownership share, property use, annual value, owner-paid municipal taxes, interest, loan/completion dates and verified ROR/RNOR/NR status for the annual tax comparison.
Method and formula
Calculate the supported house-property result, apply eligible interest and deduction restrictions, and compare the annual Indian tax effect under the selected residency and income scope. Foreign property income, foreign tax credits and treaty relief are excluded. A cash interest payment and an allowable deduction need not be identical.
Illustrative example
For an illustrative let-out property, ₹3 lakh annual value less ₹20,000 eligible municipal taxes gives ₹2.8 lakh net annual value before the statutory deduction and interest calculation.
COMMON QUESTIONS
Before you use the result.
Is my whole EMI deductible?
No. EMI includes principal and interest, which follow different rules. Eligible interest belongs under house property; eligible principal may fall under old-regime Chapter VI-A conditions and limits. Do not claim the whole payment as interest.
Does the new regime allow self-occupied interest?
The supported new regime does not allow the self-occupied housing-loan interest deduction. Let-out property has a different head computation, with restrictions on loss set-off.
How do joint ownership and pre-construction interest work?
Use the attributable ownership/borrowing share and eligible interest, supported by records. Eligible pre-construction interest is generally spread over five instalments from the year of acquisition/completion, subject to the applicable property and deduction conditions.
Can I carry this result into the annual income-tax computation?
After calculating, choose Use in computation. In the Income Tax Computation Tool, match the year and residency, select the property slot and import the saved home-loan facts. That slot is replaced, including eligible current and pre-construction interest facts. Principal repayment is not automatically included in aggregate deductions; review its eligibility and remaining room separately.
Read these answers with the selected period, calculation scope and official sources below.
Scope and limitations
Includes repairs and five-year preconstruction-interest allocation for the supported property. Select ROR, RNOR or NR for the annual tax comparison and verify annual value, owner-paid municipal taxes, ownership and loan/completion dates. Foreign property income, foreign tax credits and treaty relief are excluded.
These examples explain the method. The interactive result depends on the selected facts and period, and is not a filing or an eligibility confirmation.
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Sources
Tax Year 2026–27 uses the Income-tax Act, 2025. Earlier financial years use the Income-tax Act, 1961 with applicable amendments. The old and new tax regimes are separate choices within those laws.