Explained: How You Can Save Up To Rs 5 Lakh In Taxes Every Year When Buying A New Home

Show House and Home Publications

Fri, June 13, 2025

[ Fri, Jun 13th ]: KITV

Waianae house fire leaves several displaced

[ Fri, Jun 13th ]: WGME

Home equity news: Hidden costs of homeownership and housing market predictions in 2025

[ Fri, Jun 13th ]: KIRO

Crews respond to vacant house fire in Wallingford

Thu, June 12, 2025

[ Thu, Jun 12th ]: KIRO

Firefighter evaluated for smoke inhalation after rescuing person from house fire

Wed, June 11, 2025

[ Wed, Jun 11th ]: ThePrint

Asian Paints' New Corporate Campaign Reimagines Home Design with Innovation and Elegance

Mon, June 9, 2025

[ Mon, Jun 09th ]: KITV

Firefighters extinguish fire at abandoned home in Waipahu

[ Mon, Jun 09th ]: WGAL

Bathroom catches fire at house, causes $75,000 in damage, fire department says

[ Mon, Jun 09th ]: Dengarden

80 House Name Ideas to Give Your Home a New Identity

[ Mon, Jun 09th ]: news4sanantonio

Study: Owning a home costs over $21,000 a year in hidden expenses

[ Mon, Jun 09th ]: BBC

Home secretary yet to agree deal days before spending review

[ Mon, Jun 09th ]: WHIO

3 critically injured, home destroyed following explosion in Ohio

Sun, June 8, 2025

[ Sun, Jun 08th ]: KITV

'Not in my backyard': Residents raise issues of a clean and sober home on a crowded Kaneohe street

[ Sun, Jun 08th ]: Patch

Single Mom Wins House + New Trader Joe's Store + Over 40 Pets Rescued: Saturday Smiles

[ Sun, Jun 08th ]: BBC

Home secretary yet to agree deal three days before spending review

Sat, June 7, 2025

[ Sat, Jun 07th ]: PBS

Nebraska Public Media News | Home School Nebraska

[ Sat, Jun 07th ]: KIRO

Early morning fire fully engulfs Bremerton house

Fri, June 6, 2025

[ Fri, Jun 06th ]: PBS

NewsDepth | Season 50 | NewsDepth 2019-2020 | Episode 15

[ Fri, Jun 06th ]: news4sanantonio

How to sell your house fast

[ Fri, Jun 06th ]: Newsweek

Housing market data reveals troubling trend that could signal shift ahead

[ Fri, Jun 06th ]: Snopes

Fact Check: No, World Economic Forum didn't demand global ban on homegrown food

Thu, June 5, 2025

[ Thu, Jun 05th ]: WJZY

Charlotte man accused of setting Dilworth home on fire, causing explosion, extradited from Chicago

[ Thu, Jun 05th ]: WGME

Can you afford to buy a home? Can anyone?

[ Thu, Jun 05th ]: KWCH

Home inspector offers guidance for mitigating flood damage risk ahead of next round of rain

Wed, June 4, 2025

[ Wed, Jun 04th ]: WAVE3

Troubleshooters: Mayor, Governor confident in taxpayer-funded prefabricated home factory

[ Wed, Jun 04th ]: KUTV

When is it time to lower the price of your house? Here's how to tell

[ Wed, Jun 04th ]: Fortune

More and more people are eating at home. It could .. e a flashing red light that a recession is coming

[ Wed, Jun 04th ]: CNET

Mortgages Cool Off for Homeseekers: Current Mortgage Rates for June 4, 2025

Tue, June 3, 2025

[ Tue, Jun 03rd ]: deseret

A new record: Value of homes for sale is nearly $700 billion. Is that good news for buyers?

[ Tue, Jun 03rd ]: 7NEWS

Sydney resident injured as machete and hammer-wielding men invade home

[ Tue, Jun 03rd ]: news4sanantonio

How to compare lenders for first-time homebuyers

[ Tue, Jun 03rd ]: BBC

Inside Hilltop House - Scotland's home of the year 2025

[ Tue, Jun 03rd ]: Newsweek

Home listings hit record high as people struggle to sell

[ Tue, Jun 03rd ]: WCAX3

Vt. home buyers still struggling amid increase in available housing

[ Tue, Jun 03rd ]: PBS

NJ Spotlight News | First-time homebuyers face high prices and interest rates | Season 2023

Mon, June 2, 2025

[ Mon, Jun 02nd ]: PBS

PBS39 News Reports | HOME FOR THE HOLIDAYS | Season 2019

[ Mon, Jun 02nd ]: fox6now

Summer weather's impact on your home

[ Mon, Jun 02nd ]: KUTV

Mortgage bankers: Who they are and what they do in home lending

[ Mon, Jun 02nd ]: Fortune

Current mortgage rates report for June 2, 2025: Rates remain high

Sat, May 31, 2025

[ Sat, May 31st ]: RepublicWorld

Explained: How You Can Save Up To Rs 5 Lakh In Taxes Every Year When Buying A New Home

Fri, May 30, 2025

[ Fri, May 30th ]: WHIO

'I lost everything;' Home torn apart in SWAT standoff

[ Fri, May 30th ]: WJZY

One badly injured in fire at south Charlotte home

[ Fri, May 30th ]: WGME

Home equity news: Home prices hit another record while HELOC rates fall

[ Fri, May 30th ]: ThePrint

Dhuleva Group Delivers 200+ Rehab Homes in Record Time

[ Fri, May 30th ]: KITV

$20M housing project aims to help L?hain? teachers

[ Fri, May 30th ]: Fortune

Current mortgage rates report for May 30, 2025: Rates remain stubbornly high

Thu, May 29, 2025

[ Thu, May 29th ]: 13abc

13 Action News Big Story: The Ohio Housing Market

[ Thu, May 29th ]: Fortune

Current mortgage rates report for May 29, 2025: Elevated rates still holding steady

Wed, May 28, 2025

[ Wed, May 28th ]: Fortune

Current mortgage rates report for May 28, 2025

Explained: How You Can Save Up To Rs 5 Lakh In Taxes Every Year When Buying A New Home

//house-home.news-articles.net/content/2025/05/3 .. -in-taxes-every-year-when-buying-a-new-home.html

Published in House and Home on Saturday, May 31st 2025 at 4:49 GMT by RepublicWorld
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

By using certain tax benefits available under Indian law, you could save up to Rs 5 lakh every year on your taxable income. This article explains how you can make the most of these savings when buying your dream house.

The article from Republic World explains how individuals can save up to Rs 5 lakh in taxes annually by investing in a new home, leveraging various sections of the Income Tax Act. Under Section 24, homeowners can claim a deduction of up to Rs 2 lakh on the interest paid on home loans, while Section 80C allows a deduction of up to Rs 1.5 lakh on the principal repayment. Additionally, first-time homebuyers can benefit from Section 80EEA, which provides an extra deduction of up to Rs 1.5 lakh on home loan interest, provided the property's stamp duty value does not exceed Rs 45 lakh and the loan was sanctioned between April 1, 2019, and March 31, 2022. By strategically using these tax benefits, buyers can significantly reduce their tax liabilities when purchasing a new home.

Read the Full RepublicWorld Article at:
[ https://www.republicworld.com/business/explained-how-you-can-save-up-to-rs-5-lakh-in-taxes-every-year-when-buying-a-new-home ]

Similar House and Home Publications

[ Wed, May 28th ]: KUTV

How to sell your house and buy a new one at the same time

[ Thu, May 01st ]: KUTV

Second home vs. investment property: Different mortgage requirements and rules