Joint Home Loan Tax Benefit Calculator
Estimate how a jointly owned and jointly repaid home loan may split deductions between two borrowers.
Combined estimate
Family tax saving
—Borrower 1
Interest deduction—
Principal deduction—
Tax saving—
Borrower 2
Interest deduction—
Principal deduction—
Tax saving—
What must match in real life
For the full topic, open the Home Loan Tax Benefits in India hub. It links section-wise rules, old-vs-new regime planning and under-construction property guidance.
For a joint home-loan tax claim, the person generally needs to be a co-owner and co-borrower, and the repayment/ownership arrangement should support the deduction split.
- The calculator caps self-occupied interest at ₹2 lakh per borrower.
- Principal repayment shares the ₹1.5 lakh 80C limit for each borrower.
- Use actual ownership and repayment shares, not only the split that gives the highest tax saving.
This is a simplified estimate. Confirm eligibility with official tax resources or a tax professional.