Section 80EE Calculator
Find your additional ₹50,000 home-loan interest deduction — over and above the ₹2,00,000 you already claim under Section 24(b) — and the tax it saves you, live.
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Deduction breakdown
Claim every home-loan deduction — 24(b), 80EE & 80EEA
A CA checks your eligibility, maximises your interest deduction and files your ITR accurately.
Disclaimer: Indicative estimate for a resident individual under the old regime. Section 80EE requires the loan to be sanctioned in FY 2016-17. Actual benefit depends on your total income, other deductions and eligibility. Rates per the Income-tax Act, 1961.
What Section 80EE gives a first-time buyer
Section 80EE lets a first-time home buyer deduct up to ₹50,000 of home-loan interest — in addition to the ₹2,00,000 already allowed under Section 24(b) on a self-occupied house. That takes the total interest deduction to as much as ₹2,50,000 in a year, purely on the interest portion of your EMIs.
Who is eligible for Section 80EE
Section 80EE is narrow and time-bound. Every one of these conditions must be met for the year you claim it.
| Loan sanctioned between | 1 Apr 2016 – 31 Mar 2017 |
| Sanctioned loan amount | ≤ ₹35,00,000 |
| Value of the house | ≤ ₹50,00,000 |
| Property already owned | None on sanction date |
| Type of taxpayer | Individual only |
| Tax regime | Old regime |
| Order of deduction | 24(b) first, then 80EE |
| Section 24(b) limit | ₹2,00,000 |
| Section 80EE limit | ₹50,000 |
| Loan taken from | Bank / housing finance co. |
| 80EE vs 80EEA | Mutually exclusive |
How the 80EE deduction is calculated
First apply the ₹2,00,000 Section 24(b) limit to your interest. Whatever interest is left over — up to ₹50,000 — becomes your 80EE deduction. Your tax saving is that deduction times your slab rate. Here are three worked cases (interest ₹2,50,000, ₹2,00,000 already under 24(b)):
Key terms explained
Section 24(b)
The main home-loan interest deduction — up to ₹2,00,000 a year for a self-occupied house. Section 80EE only kicks in for interest that exceeds this ₹2,00,000 cap.
Section 80EE
An additional ₹50,000 interest deduction for first-time buyers whose loan was sanctioned in FY 2016-17, with loan ≤ ₹35L and house value ≤ ₹50L. Individuals only, old regime only.
80EE vs 80EEA
Both give extra home-loan interest relief but for different loan periods — 80EE for FY 2016-17 sanctions, 80EEA (up to ₹1.5L) for FY 2019-22. They are mutually exclusive; you cannot claim both on the same loan.
Marginal slab rate
The rate applied to your top slice of income — 5%, 20% or 30% in the old regime. A deduction saves tax at this rate, so the same ₹50,000 saves ₹2,500 at 5% but ₹15,000 at 30%.
Questions people ask
Short answers on Section 80EE First Home. Tap a question to open it.
01What does section 80EE give?
An additional deduction of up to ₹50,000 a year on home loan interest for a first-time buyer, over and above the ₹2,00,000 allowed under section 24(b).
02What are the conditions?
The loan must have been sanctioned by a financial institution between 1 April 2016 and 31 March 2017, the loan must not exceed ₹35 lakh, the property value must not exceed ₹50 lakh, and the taxpayer must not own any other residential house on the date of sanction.
03How is 80EE different from 80EEA?
Section 80EEA applies to loans sanctioned between 1 April 2019 and 31 March 2022 for a property with a stamp duty value up to ₹45 lakh, and gives a larger deduction of up to ₹1,50,000. The two cannot be claimed for the same interest.
04Can I still claim these deductions?
Yes, if your loan was sanctioned within the applicable window and you are still repaying it — the deduction continues for the life of the loan. No fresh loan taken today qualifies under either section.
05Are they available under the new regime?
No. Both 80EE and 80EEA are Chapter VI-A deductions and apply only under the old regime.
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Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.