ITR 2026: Your ₹2L Home Loan Deduction — Locked?
The home loan interest deduction box is greyed out in the ITR filing tool this year. It's not a bug — it's because you may have picked the new tax regime. Switch to the old regime to unlock your ₹2 lakh deduction on a self-occupied house.
₹2L saved in tax beats roughly 4,000 cups of cutting chai — don't leave it on the table.
Your home loan interest deduction is worth this much under the old tax regime
Key Takeaways
Check which tax regime is selected in your ITR form — if it shows 'new regime', the interest field will stay disabled by design.
Switch to the old tax regime in the ITR utility if your home loan interest plus other deductions (80C, 80D) exceed the new regime's tax savings.
Calculate both regimes before locking in — use a tax calculator to see whether claiming ₹2L interest actually puts more money in your pocket.
The home loan interest deduction box is greyed out in the ITR filing tool this year. It's not a bug — it's because you may have picked the new tax regime. Switch to the old regime to unlock your ₹2 lakh deduction on a self-occupied house.
Here's what happened: The ITR utility for AY 2026-27 disables the home loan interest field when you are filing under the new tax regime.. Under the new tax regime, Section 24(b) deduction on home loan interest for a self-occupied property is not allowed at all.. Taxpayers on the old tax regime can still claim up to ₹2 lakh per year in home loan interest as a deduction under Section 24(b)..
What you should do: Check which tax regime is selected in your ITR form — if it shows 'new regime', the interest field will stay disabled by design.. Switch to the old tax regime in the ITR utility if your home loan interest plus other deductions (80C, 80D) exceed the new regime's tax savings.. Calculate both regimes before locking in — use a tax calculator to see whether claiming ₹2L interest actually puts more money in your pocket..
If you have a let-out property (not self-occupied), you can claim the full actual interest paid with no ₹2L cap — even under the old regime. Don't confuse the two.
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- [1]“Home loan interest column for self-occupied house disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027” Wealth-Economic Times · 15 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.