Section 24 Calculator

Section 24 allows a deduction for interest paid on a home loan against income from house property — the treatment and any applicable cap differ depending on whether the property is self-occupied or rented out.

Yes. Self-occupied property interest deduction is typically capped at a specified annual limit, while interest on a loan for a let-out (rented) property can generally be claimed against rental income with different treatment of any resulting loss.

No — Section 24 covers the interest component of your home loan EMI, while Section 80C separately covers the principal repayment component, and both are claimed under different rules.

Section 24 interest deduction on a self-occupied property is generally not available under the new tax regime; treatment for let-out property may differ — use the Old Regime Calculator to see the full picture under the old regime.

Interest across multiple eligible home loans can generally be aggregated for the relevant property category, subject to applicable caps and property-type rules — consult a tax professional for complex multi-property scenarios.