[ad_1] The maximum home loan benefit that can be claimed as a deduction in India is as follows:- section deduction allowed allowed for section 24 Rupee. 2,00,000 interest repayment Section 80C Rupee. 1,50,000 principal repayment Section 80EEA Rupee. 1,50,000 interest repayment Thus, as is clear from the above table, deduction can be claimed for both interest and principal amount under various sections of the Income Tax Act. These sections along with the allowed deductions are discussed in detail in this article. Section 80C: Tax benefit on home loan (principal amount)…