Joint home loan — double the deduction

✍️ EaseValue Advisors · Updated 17 Jul 2026 · FY 2025-26

In short

A home loan taken jointly by co-owners lets each co-borrower claim their own ₹2 lakh interest (24(b)) and ₹1.5 lakh principal (80C) — effectively doubling the deduction.

How it doubles

Each co-owner who is also a co-borrower claims interest up to ₹2 lakh and principal within their own 80C.
A couple can together deduct up to ₹4 lakh interest + ₹3 lakh principal.

Conditions

Both must be co-owners AND co-borrowers on the loan.
The deduction is split in the ownership / EMI-share ratio, so both should contribute to the EMI.

Old regime only. A simple, large saving for jointly-owned homes.

The law behind it

Section 24(b) Section 80C

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General information for FY 2025-26 (AY 2026-27), not advice on your specific case. Limits, rates and conditions change with each Finance Act and depend on your facts — confirm before acting. © EaseValue Advisors LLP.

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