Can I calculate the tax benefits for multiple home loans simultaneously?

Yes, you can calculate the tax benefits for multiple home loans simultaneously. However, there are specific rules and limitations that apply:

Interest Deduction:

• Self-occupied properties: You can claim a maximum interest deduction of ₹2 lakhs per year for all self-occupied properties combined. This means if you have two self-occupied homes, the total interest deduction you can claim is limited to ₹2 lakhs.
• Let-out properties: For let-out properties, you can claim the full interest paid as a deduction against your rental income. There is no limit on the interest deduction for let-out properties.  

Principal Repayment Deduction:

• Section 80C: You can claim a maximum deduction of ₹1.5 lakh per year under Section 80C for principal repayments on all home loans combined. This deduction is available for both self-occupied and let-out properties.