Why is principal limited by other eligible investments?

Eligible principal repayment shares the represented ₹1.5 lakh aggregate Section 123 ceiling with other qualifying investments and payments under the optional old regime. The calculator reduces the available room by the other amount entered.

What is the self-occupied home-loan interest cap in this estimate?

The calculator applies a represented ₹2 lakh ceiling when the qualifying completion condition is selected and ₹30,000 otherwise, after ownership share and represented pre-construction instalment. Actual eligibility must be checked from the loan and property facts.

Does this calculator model let-out property tax fully?

No. Annual value, municipal taxes, standard deduction, interest, vacancy, co-ownership, loss set-off and carry-forward require a property computation. The tool flags let-out property instead of inventing those inputs.

Home loan tax exemption calculator

Home Loan Tax Benefit Calculator (FY 2026-27)

Calculate a selected year’s principal and interest from the loan schedule, apply represented ownership and deduction limits, and compare Tax Year 2026-27 regimes.

Tax Year 2026-27

Estimate the principal and interest in a selected loan year, then compare represented optional-old-regime tax with the default regime.

Income and loanAnnual income before home-loan itemsINRIncome typeOriginal loan amountINRAnnual interest rate%Loan tenureyearsLoan year to estimateyear

Tax and ownership factsProperty useYour ownership and repayment share%Other Section 123 / Schedule XV paymentsINREligible pre-construction interest instalmentINRAcquisition/construction completed within the represented five-year condition. Clear this when the condition is not met or the borrowing is for represented repair/renewal/reconstruction facts.

Selected loan-year result

Monthly EMI

₹43,391

Principal in selected year

₹99,510

Interest in selected year

₹4,21,182

Eligible principal represented

₹99,510

Eligible interest represented

₹2,00,000

Optional-old-regime tax saving

₹93,447

Default-regime tax

₹97,500

Optional-old tax after represented benefit

₹1,48,353

Lower represented tax: Default regime.

Read before relying

• The principal amount shares the combined Section 123 and Schedule XV ceiling with other qualifying payments.
• The estimate treats the entered ownership share as the share of principal and interest actually paid by the user.
• The self-occupied comparison models the represented interest ceiling and does not certify construction, possession, ownership or lender-document conditions.
• The default-regime result does not apply a self-occupied borrowed-capital deduction. Other income, deductions, surcharge facts and special-rate income can change the regime comparison.

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Direct answer

A home-loan payment does not produce one universal “tax exemption”

Principal and borrowed-capital interest are different tax questions. Principal can share a combined qualifying-payment ceiling in the optional old regime, while house-property interest depends on property use, completion and other statutory facts.

The calculator therefore shows the represented eligible amounts, unused amounts and tax before/after—not a promise that the whole EMI is deductible.

Read the interest, principal and regime rules Open the detailed EMI schedule Compare your complete tax return scenario

Frequently Asked Questions (FAQs)

No. An EMI contains principal and interest. Their represented tax treatment is calculated separately, subject to regime choice, property use, ownership share, completion and combined deduction limits.

Home-loan tax benefit estimate

A home-loan payment does not produce one universal “tax exemption”

Frequently Asked Questions (FAQs)