Yes, people availing home loan from SMFG India Credit would be eligible to claim the tax deduction under Section 80C and Section 24b. Section 80C of the Income Tax Act allows tax deduction of up to Rs 1.5 lakh per financial year on home loan principal repayment. Under Section 24b, a borrower can avail tax deduction of up to Rs 2 lakh per financial year on home loan interest if the property is self-occupied or vacant. If the property is rented out, the entire interest repayment amount is allowed as tax deduction without any limit.