The amount of tax you can save from a home loan interest in India depends on several factors, including your income tax bracket, the amount of interest paid, and the financial year.

Under Section 80C of the Income Tax Act, individuals can claim a deduction of up to INR 1.5 Lakhs for the principal amount of the home loan. Additionally, under Section 24, individuals can claim a deduction for the interest paid on the home loan, up to INR 2 Lakhs for a self-occupied property and up to INR 30,000 for a let-out property.

For example, if you fall in the 30% tax bracket and have paid INR 2 Lakhs as interest on your home loan, you can save up to INR 60,000 (30% of INR 2 Lakhs) in taxes. However, it’s important to note that these tax savings will depend on your total taxable income and the deductions claimed under other sections of the Income Tax Act.

It’s advisable to consult a financial advisor or tax expert to determine the exact amount of tax you can save from a home loan interest in India.