With that said, the total income tax help you get from home financing depends on your loan count, interest rate, and regardless if you are a primary-big date homebuyer. If you are paying Rs. step 1.5 lakh to the dominant cost and Rs. 2 lakh on interest, you can conserve a great amount in your fees yearly.
For very first-big date homeowners, the additional deduction below Section 80EE could save you significantly more, bringing the overall tax offers to over Rs. cuatro lakh sometimes.
Talk about Bajaj Housing Funds Mortgage
If you are looking to save taxation and you may individual a house, good Bajaj Construction Finance Home loan makes it possible to achieve both.