Document Overlap
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First documentIncome From Salary Explained: Components, Calculation, AllowancesOpen original ↗
A-969
Second documentIncome Tax Calculator FY 2026-27: New vs Old RegimeOpen original ↗
Low overlap
Top paragraph overlap
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Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph133 words
Tax Saving Options for Salaried Professionals
Tax Benefits on Home Loans: Purchasing a home using a loan can help you avail significant tax benefits under different sections of the Income Tax Act. Under Section 80C, you can claim a deduction of up to ₹1.5 lakh per financial year on the principal repayment of your home loan. Additionally, under Section 24(b) , you can claim a deduction of up to ₹2 lakh per financial year on the interest paid on a home loan if the property is self-occupied. If the house is rented out, the entire interest amount can be deducted from rental income. Moreover, first-time homebuyers can avail an additional deduction of up to ₹50,000 under Section 80EE if the loan amount does not exceed ₹35 lakh and the property's value is under ₹50 lakh.
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Second paragraph39 words
Example of Tax Calculation Under New and Old Tax RegimeS
Section 80EE: Interest payable on loan taken up to ₹35 Lakhs by the taxpayer from any financial institution, sanctioned during the FY 2016-17, for the acquisition of a residential house property whose value doesn’t exceed ₹50 Lakhs.