Need A Financial Product › Forums › Tax Savings › Can both the applicants get tax benefit on home loan › Can-both-the-applicants-get-tax-benefit-on-home-loan_REPLY

August 16, 2014 at 7:19 pm #46860
samkapoor77
Keymaster

If you both are co-owners of the property, then both of you can equally claim interest on your EMI for home loan. Both of you will get exemption of Rs. 1.5 lakhs each on interest and Rs. 1 lakh each on principal amount.