What is the Section 24(b) cap?

Income Tax Dept ITR help: self-occupied purchase/construction (loan on or after 1 Apr 1999, completed within five years) is ₹2,00,000. Repairs, older loans, or delayed construction drop to ₹30,000. Let-out interest has no cap; loss set-off against other heads is still ₹2,00,000.

Does the new regime allow 24(b)?

Not for a self-occupied house. Let-out interest can still reduce rental income. Compare regimes on the old vs new page — this page only sizes the interest deduction.

Is this 80EEA or 80C principal?

No. 80EEA is skipped here. Principal repayment sits in 80C, not 24(b).

Runs in your browser · Last updated 7 September 2026

Free Home Loan Interest 24(b) Calculator (India, Old Regime)

Free Section 24(b) home-loan interest calculator. ₹2 lakh self-occupied cap (or ₹30,000), let-out uncapped, old regime. Browser tool — nothing is uploaded.

Tax regimeOccupancyLoan purposeConstruction finished within 5 years?Interest paid this year (₹)Total pre-construction interest (₹, 1/5 each year)

Income Tax Dept ITR help: self-occupied purchase/construction (loan on or after 1 Apr 1999, completed in five years) is capped at ₹2,00,000. One-fifth of pre-construction interest sits inside the same cap. Let-out interest is uncapped; loss set-off against other heads is still ₹2,00,000. New regime blocks self-occupied 24(b).

Allowable 24(b)

₹2,00,000

Cap

₹2,00,000

Excess / not allowed

₹80,000

Pre-construction this year (1/5)

₹0

Claimed before cap

₹2,80,000

New-regime SOP

Not blocked

How to use this tool

Pick old vs new regime, self-occupied vs let-out, and loan purpose.
Enter interest paid this year and any leftover pre-construction interest.
Read allowable 24(b), the cap, and the amount that does not deduct.

Worked example

Old regime, self-occupied, ₹2.8 lakh interest: allowable 24(b) is ₹2,00,000 and ₹80,000 is leftover. The same loan on the new regime is ₹0. Let-out ₹2.8 lakh is fully allowed against rent; only the ₹2 lakh set-off cap matters if the house shows a loss. Regime choice lives on the old vs new tax regime calculator.

Frequently asked questions

What is the Section 24(b) cap?: Income Tax Dept ITR help: self-occupied purchase/construction (loan on or after 1 Apr 1999, completed within five years) is ₹2,00,000. Repairs, older loans, or delayed construction drop to ₹30,000. Let-out interest has no cap; loss set-off against other heads is still ₹2,00,000.
Does the new regime allow 24(b)?: Not for a self-occupied house. Let-out interest can still reduce rental income. Compare regimes on the old vs new page — this page only sizes the interest deduction.
Pre-construction interest?: Allowed in five equal instalments from the year of completion, inside the same ₹2 lakh / ₹30,000 cap. Enter the unamortised pool; this page takes one-fifth.
Is this 80EEA or 80C principal?: No. 80EEA is skipped here. Principal repayment sits in 80C, not 24(b).
Uploaded?: No.