Ans: Yes, you can avail of tax benefits through Home loan EMI payments as illustrated below - Relevant SectionsNature of Home Loan DeductionMaximum Amount Deductible Section 80C Tax deductions on principal repayment ₹1,50,000 Section 24 Tax deductions on the interest amount payable ₹2,00,000 Section 80EEE Additional tax benefit for first time home buyers ₹50,000