can I get tax benefit for the interest amount I paid for home loan and the house is under construction ?



I am constructing a house on home loan from nationalised bank. The house is under construction. I am paying only the interest now for the 1st installment amount released by the bank. can I get the tax benefit for this interest amount?. When I can get the full tax benefit?

can I get tax benefit for the interest amount I paid for home loan and the house is under construction ?
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4 Replies to “can I get tax benefit for the interest amount I paid for home loan and the house is under construction ?”


  1. Hi
    Yes, definitely you will get the tax benefit for the interest amt. You can claim yearly benefit for the interest paid in the same year. You have to get the interest certificate from the bank.



  2. The interest that you are paying is called Pre-EMI. After disbursement of full loan amount you will pay actual EMI.
    The Pre-EMI becomes eligible for tax exemption only after you receive a completion certificate from the municipality. Then you can claim tax exemption on Pre-EMI in 5 equal installments, for the next 5 years.





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