Old vs New Tax Regime Optimizer

For a self-occupied house, no — the new tax regime (default from FY2025-26) does not allow the Section 24(b) interest deduction or the Section 80C principal deduction. For a let-out property, interest is still deductible against the rental income, but a resulting loss cannot be set off against your other income under the new regime. The old regime keeps both self-occupied deductions.

It depends on your total deductions. The new regime makes income up to ₹12 lakh effectively tax-free, so it usually wins for salaried borrowers. The old regime tends to win only when your combined deductions — home-loan interest, 80C, HRA, 80D, NPS — are large. This optimizer compares both on your exact numbers.

Yes, under the old regime. Each co-borrower who is also a co-owner can separately claim the Section 24(b) interest deduction (up to ₹2 lakh each) and the Section 80C principal deduction (up to ₹1.5 lakh each), effectively doubling the household caps. Toggle the joint-loan option to see the effect.