Awasome Section 80Ee Income Tax Deduction For Interest On Home Loan 2022. Section 80ee of the income tax act, 1961 provides tax deduction benefit on the interest paid on home loan taken by a first time home buyer. Deduction under section 80eea is available on interest on loan taken from a financial institution on your first house purchased.

Such a buyer can claim tax. It is over and above the rs. The income tax, 1961 under section 80ee allows a person to claim a deduction of rs.