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| Section | Benefit Type | First Home Loan | Second Home (Self-Occupied) | Second Home (Let-Out) |
| Old Tax Regime | ||||
| Section 80C | Principal | Up to ₹1.5 lakh | Combined ₹1.5 lakh | Combined ₹1.5 lakh |
| Section 24(b) | Interest | Up to ₹2 lakh | Combined ₹2 lakh | Up to ₹3 lakh |
| Standard Deduction | Rental | – | – | 30% of net value |
| Loss Carry Forward | House Property | Allowed | Allowed | Up to 8 years |
| New Tax Regime | ||||
| Section 80C | Principal | Not available | Not available | Not available |
| Section 24(b) | Interest | Not available | Not available | Up to ₹3 lakh |
Home Loan Tax Benefits include up to ₹1.5 lakh principal deduction under Section 80C and up to ₹2–3 lakh interest deduction under Section 24(b), depending on regime and property type.
Yes. Limits differ based on whether the second property is self-occupied or rented.
A Home Loan EMI Calculator shows principal and interest breakup, helping estimate deductible amounts yearly.
Limited benefits apply – mainly interest deduction for let-out properties only.
Yes. Higher Home loan interest rates increase the interest component and affect deduction size.
Yes. A Home loan eligibility calculator ensures EMI affordability and better tax planning.
Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.
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