Home loan Taxation Gurus Not as much as Area 80EE While an initial-day homebuyer, you can allege tax deduction below Area 80EE. That it section allows additional tax deduction off upto Rs 50,100000 towards the focus commission with the home loan. This basically means, this deduction is over and you can over the exception of Rs dos lakh allowed significantly less than Section twenty-four(b). The loan should have started removed