Home loan tax benefit helps borrowers save on taxes under sections 80C and 24(b) of the Income Tax Act. Deductions on principal repayment and interest paid reduce taxable income, making homeownership more affordable. First-time buyers can claim additional benefits under section 80EEA.
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Home loan tax benefit helps borrowers save on taxes under sections 80C and 24(b) of the Income Tax Act. Deductions on principal repayment and interest paid reduce taxable income, making homeownership more affordable. First-time buyers can claim additional benefits under section 80EEA.