income-tax

Section 80EE: First Home Buyers

Additional tax benefit for first-time home buyers under Section 80EE for interest on home loan.

GetYourCA Team
1 March 2025·Updated 9 April 20261 min read12.5K views

Section 80EE: First Home Buyers

Eligibility#

  • First residential house
  • Property value up to ₹50 lakh
  • Home loan from prescribed lender
  • Individual (not HUF)

Deduction#

  • ₹50,000 per year
  • On interest portion of home loan

Conditions#

  • Should not own any house
  • Loan sanctioned after April 2016

Conclusion#

Extra benefit for first-time home buyers.

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GetYourCA Team

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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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