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What you must know about home loans and taxes? Do you know how to get a tax deduction of up to Rs. 2.5 lakhs per annum if you have a home loan, or even more than this amount if you rent out your house property on which you have a loan? Home loans don't just help you fulfill your dream of owning a residential property, they also come with many tax advantages for individual tax payers. Here we explain the different tax advantages of a home loan.