According to the latest data released by the Government of India, about 5.83 crore IT returns have been filed as on July 31, 2022. The country boasts having around 8 crore taxpayers currently. As the IT Act provides several benefits for credit borrowers, it is important for taxpayers to analyse and claim their permissible tax deductions. One of the common deductions is the home loan tax benefit under Section 80C of the Income Tax Act, 1961. Housing loan has evolved as an affordable financing option to purchase or construct a residential property. With reputed housing finance companies, one can choose…