A home loan is not a burden. It is in fact a valuable tool to enjoy tax benefits. The tax benefits you receive are considerable that will help you manage your finances well.
The home loan borrower enjoys Tax Benefits on both Interest paid and the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1, 50,000 and under Section 80(c) of Income Tax, principal amount for the repayment of loan along with other savings and investments is eligible for tax deduction up to a maximum limit of Rs. 1, 50,000