Quick Summary: Joint Home Loan Tax Benefit

Joint home loans allow each co-owner/co-borrower to claim separate tax limits. In FY 2026-27, two owners can collectively claim up to ₹4 Lakh for interest (Sec 24b) and ₹3 Lakh for principal (Sec 80C) in the Old Regime, doubling the tax-saving potential for a household.

How to use the Joint Home Loan Tax Benefit

  1. Enter Ownership Ratio

    Input the percentage share of each co-owner in the property (e.g., 50:50).

  2. Enter Total Interest & Principal

    Input the total annual repayment figures from your bank certificate.

  3. Distribute Benefits

    The tool splits the deductions based on each individual's total income to maximize overall tax saving.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

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