Unlock Your Dream Home: Massive Tax Breaks for Home Loan Borrowers

Budget 2025 has brought considerable tax relief for home loan recipients. The tax deduction on home loan interest under Section 24(b) has been raised to ₹3 lakh for self-occupied houses. Moreover, the tax deduction of principal repayment under Section 80C is maintained at ₹1.5 lakh. These modifications will help middle-class households and first-home buyers. The budget also permits two houses to be claimed as self-occupied without incurring extra tax charges, promoting property investment. These steps are likely to spur the real estate industry and reduce the cost of homeownership.

Source: Bankbazaar, Business Today, Financial Express