Home Loan Tax Shield Calculator
See exactly how much tax your home loan saves — Old Regime vs New Regime, year by year. Most home loan marketing overstates the tax benefit; this tool gives you the honest rupee number.
Your Home Loan
EPF + ELSS + SSY + PPF already in use
Your Tax Shield
Cumulative Tax Saving — Old vs New
How your total tax shield grows year-by-year under each regime
What This Means for You
Under the New Regime a self-occupied home loan delivers zero tax benefit — no Section 24(b), no 80C on principal, no 80EE/80EEA. If you are banking on tax savings, Old Regime is the only path.
Only ₹₹1.00 L of 80C headroom is left after your other investments. Home-loan principal above this amount does not reduce your tax.
Under Old Regime your ₹65,087 EMI feels like roughly ₹57,985/month after tax shield. Under New Regime there is no such cushion — the sticker EMI is the real outgo.
Old Regime saves ₹17.04 L more than New Regime across the loan tenure. Factor this delta while choosing your regime each year.
Note from your CFP
Under the New Regime — which is the default from FY 2024-25 — self-occupied home loans provide no tax benefit. Many buyers still cite "tax benefits" as a reason to buy. This calculator shows the actual rupee delta. Often under the New Regime the home loan is a pure financial liability, not a tax shelter. Buy a home because you want to live in it — not for the tax break.
Confused between Old Regime and New Regime for your home loan?
Share your details — your Relationship Manager will walk you through regime selection, 80C optimisation, and whether this home loan actually fits your financial plan.
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns. Tax figures are illustrative and based on the FY 2026-27 regime structure; actual benefits depend on your full income profile, property value, loan sanction date and eligibility under Sections 24(b), 80C, 80EE and 80EEA. Always consult a qualified tax advisor before making a home-purchase decision.
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