Awasome Additional Tax Benefit On Home Loan References. Now let us discuss the tax benefits on the home loan. Under this section, home loan borrowers can claim an annual deduction of up to rs.1.5 lakh on the principal loan amount.

Apply now & get approved! The interest that is paid on the loan amount is eligible as a part of the deduction for inr 2 lakhs according to section. Ad why borrow anywhere else.