Jun 23, 2025Real Estate Deconstructed
Step-by-Step Guide to Claiming Home Loan Tax Benefits in 2025
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Knowing home loan tax benefits can help you save significantly in 2025. With new rules and extended deadlines, this guide breaks down the process to claim your home loan tax benefit 2025 with clarity and ease.
Contents
Frequently Asked Questions
Can I claim home loan tax benefits for an under-construction property?
Ans: Yes, you can claim pre-construction interest in five equal installments after the construction is completed, up to a ₹2 lakh cap.
Is there a tax benefit if I take a joint home loan?
Ans: Yes, both co-borrowers can claim up to ₹2 lakh on interest and ₹1.5 lakh on principal if both are co-owners.
What is the deadline to claim the additional deduction under Section 80EEA?
Ans: The latest deadline to claim this additional ₹1.5 lakh interest deduction is 31 March 2026.
Do I need to submit documents if I’m self-employed?
Ans: No submission is required, but keep all documents handy in case of queries from the tax department.
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