Maximize Home Loan Tax Benefits: First-Time Buyers Guide to Smart Planning

• Home loan tax exemptions continue in Budget 2026, offering savings opportunities for homebuyers.
• Section 80C allows up to ₹1.5 lakh deduction on principal, and Section 24(b) up to ₹2 lakh on interest for self-occupied homes.
• Joint loans for couples can maximize tax benefits, but benefits start only after possession.
• New tax regime offers limited home loan deductions; focus on reducing interest via larger down payments, shorter tenures, and prepayments.
• First-time buyers can explore additional exemptions like Section 80EEA, and flexible EMI options can help manage repayments.