Home Loan Relief: ₹3 Lakh Savings Expected in Budget 2026; Historic Changes Likely

• Middle class faces rising inflation, high home prices, and increasing EMIs, leading to calls for Budget 2026 relief.
• Key expectation: Section 24(b) interest deduction limit to increase from ₹2 lakh to ₹3 lakh, reducing taxable income and easing EMI burden.
• Section 80C principal repayment limit, currently ₹1.5 lakh, is also expected to rise to ₹2 lakh or ₹3 lakh.
• Demand for home loan concessions to apply to the new tax regime to simplify tax planning and encourage its adoption.
• Speculation about reintroducing Section 80EE/80EEA or providing extra ₹50,000 concession for first-time home buyers.

Why It Matters: Budget 2026 may offer significant home loan tax relief, potentially saving ₹3 lakh and boosting the housing sector.