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of <h1>Home Loan Tax Deductions: Section 24(b) Rs. 2L Cap, Plus Section 80EE & 80EEA Benefits for Qualifying Borrowers.</h1> For self-occupied properties, the interest deduction on housing loans under Section 24(b) is capped at Rs. 2,00,000 if specific conditions are met, such as borrowing after April 1, 1999, for acquisition or construction completed within five years. If conditions aren't met, the limit is Rs. 30,000. Under Section 80EE, individuals can claim an additional Rs. 50,000 if the loan was sanctioned between April 1, 2016, and March 31, 2017, with specific loan and property value limits. Section 80EEA allows a Rs. 150,000 deduction for loans sanctioned between April 1, 2019, and March 31, 2022, for properties valued under Rs. 45 lakhs.
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