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Benefit Calculator

Tax Benefit Calculator

This simple home loan tax benefit calculator will help you determine the tax saving opportunity that one can be eligible for on their home loan.
  • Income Tax Payable
    before home loan

  • Income Tax Payable
    after home loan

  • Income Tax

* Rebate under sec 87A of IT act is not considered. Calculation shown is considering the person has not made any investment under 80C.

Your home loan can also help you to save taxes on your income. Every principal and interest payment made against your home loan can be claimed for deductions in your income tax.
Thus, this tax saving calculator will help you in calculating the benefit that you can claim in the income tax by buying a home.