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.
What this tool covers
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.
Assumptions, scope & 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.
Read the calculation coverage · Official income-tax calculator ↗
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.
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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