Budget 2026: Home Loan Borrowers Eye Major Tax Relief Amidst Rising EMIs

• Middle class and home loan borrowers anticipate significant tax relief in Budget 2026 amidst rising property prices and EMIs.
• Key demand: Increase Section 24(b) home loan interest deduction limit from ₹2 lakh to ₹3 lakh.
• Expectations also include raising the Section 80C principal repayment limit and extending benefits to the New Tax Regime.
• Speculation suggests additional deductions for first-time homebuyers, potentially reintroducing Section 80EEA or 80EE.
• Government action on home loan benefits could stimulate the housing sector and broader economy, with a "moderate to high" probability of changes.

Why It Matters: Budget 2026 is crucial for home loan borrowers hoping for increased tax benefits and financial relief.