Home Loan Tax Benefits: Is Buying A House Still A Tax-Saving Strategy?
- Updated Oct 21, 2026 3:15 PM IST
Buying a house is one of the biggest financial decisions, and tax savings often play an important role in the process. But should homebuyers choose a property or take a home loan primarily to save taxes? On this episode of Money Today, we discuss home loan tax benefits under the old and new tax regimes, deductions on principal repayment and interest payments, and how the rules differ for self-occupied and rented properties. Tax expert Gauri Chadha explains how home loan deductions work, how co-ownership affects tax benefits, and how losses from house property are treated under both regimes. We also explore the rent-versus-buy decision, key financial factors to consider before purchasing a home, and the proposed NDMC property tax rebate for eligible homeowners. Understand the tax implications and make informed decisions before committing to a home loan. Tax savings should be a bonus, not the sole reason to buy a house.
