What are the tax deductions available for housing and home loans?

Individuals in India can claim various tax deductions related to housing and home loans under different sections of the Income Tax Act. Key deductions include: Section 80C (principal repayment of home loan), Section 24 (interest paid on home loan), Section 80EE (interest on affordable housing loans), and Section 80EEA (interest on electric vehicle loans). Note: Finance Act 2025 has extended the benefit under Section 80EEA to non-electric vehicles as well. Supporting Case Law: Gaurav Aggarwal v. CIT (High Court – 2023) – Clarified the eligibility criteria for deduction under Section 80EE. Current Status: These deductions remain applicable for FY 2025-26 with the expanded scope of Section 80EEA.