New Delhi, July 24 -- If you are a homeowner in the country, it's important to be aware of the key tax benefits available when filing your Income Tax Return (ITR) for FY 2024-25. To make the most of your tax filing and maximise your savings, you must understand the fundamentals of tax law and apply them while calculating your tax liabilities.

Here are five home loan tax benefits you can claim under the old tax regime when filing your ITR:

Taxpayers can claim up to Rs.1.5 lakh annually on the principal component of a home loan under Section 80C, which also includes stamp duty and registration fees. This deduction is applicable once possession of the property is received, provided the property is held for at least five years.

For a self-...