Owning a home is a significant financial milestone, and the government provides tax benefits to encourage homeownership. Section 80EE of the Income Tax Act allows eligible individuals to claim deductions on home loan interest payments. Easy Tax provides expert guidance to help homeowners maximize their tax benefits efficiently.

Tax Benefits Under Section 80EE

Additional Deduction on Interest Payments: Eligible taxpayers can claim an additional deduction of up to ₹50,000 per year on home loan interest.

Eligibility Criteria: