Free Tool · Home Loan + Tax

Home Loan EMI Calculator — With Tax Benefit

Calculate monthly EMI, total interest, and tax benefits under Section 80C (principal) and Section 24(b) (interest up to ₹2L). Plan your home purchase end-to-end.

🏠 Home Loan EMI Calculator

Monthly EMI
Total Interest Payable
Total Amount Payable
Year-1 Tax Benefit — Section 24(b)
Year-1 Tax Benefit — Section 80C

Home Loan Tax Benefits (Old Regime)

Not available under New Tax Regime (self-occupied). Let-out interest still deductible.

Example: ₹50 Lakh Loan, 8.5%, 20 Years

Frequently Asked Questions

What tax benefits does a home loan provide?

Old Regime: Principal (80C, ₹1.5L cap), Interest (Section 24(b), ₹2L cap self-occupied). First-time buyers may get 80EE/80EEA.

How is EMI calculated?

EMI = [P × r × (1+r)n] / [(1+r)n − 1], where P = principal, r = monthly rate, n = number of months.

Are tax benefits available under New Regime?

Self-occupied: No. Let-out: Interest can still be set off subject to ₹2L loss cap.