Additional deduction on home loan interest for first-time home buyers, over and above Section 24 (₹2,00,000) and Section 80C (₹1,50,000).
Eligibility Conditions
- First-time house purchase only
- House value: ₹50 lakhs or less
- Loan amount: ₹35 lakhs or less
- Loan sanctioned between 01.04.2016 and 31.03.2017
- No other house property at the time of loan sanction
This guide reflects FY 2025-26 (AY 2026-27) and is for general information. Tax rules and limits change, and how they apply depends on your circumstances. It is not professional tax advice; consult a qualified Chartered Accountant before acting.
