income-tax

Section 80EE: First Home Buyer Deduction

Complete guide to Section 80EE for first home buyers. Interest deduction, eligibility, and claiming process.

GetYourCA Team
19 January 2026·Updated 19 January 20261 min read12.5K views
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What is Section 80EE?#

Section 80EE provides additional deduction for interest on home loan for first-time home buyers.

Deduction#

Amount: Rs 50,000/year

Over and above Section 24

Eligibility#

  • Individual
  • First time home buyer
  • Property value < Rs 50 lakh
  • Loan < Rs 35 lakh
  • No other house property

Conditions#

  • Loan from bank/HFC
  • Interest certificate required
  • Should not own any other house
  • Property should be residential

Example#

Home loan interest: Rs 3,50,000

SectionDeduction
Section 24Rs 2,00,000
Section 80EERs 50,000
TotalRs 2,50,000

Important Points#

  • Available from FY 2016-17
  • Can claim for multiple years
  • Not available for second home
  • Pre-owned house not eligible

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Disclaimer

We have taken utmost care to research and write this article for your information. However, tax laws are complex and subject to frequent changes. This article is for general guidance only and should not be considered professional advice. Individual circumstances vary significantly — what works for one person may not apply to another.

Before making any tax-related decisions, we strongly recommend consulting with a qualified Chartered Accountant or tax professional who can assess your specific situation. We do not accept any liability for decisions made based on this information.

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