Bonanza Finmart
17, July 2018 06:40 PM
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Tax Saving on Housing Loan Your results on : LOAN | Tax Saving on Housing Loan
Tax Saving on Housing Loan
This tool calculates the tax savings from loan taken for buying newly constructed house.
In case you're buying a newly constructed house taking a home loan: you'll get tax exemptions on interest payment upto Rs 1 lacs p.a. and tax rebate on principal repayment upto Rs 20,000 p.a.
Your tax saving depends on loan amount, loan tenure, rate of interest, reducing balance frequecy and your marginal tax bracket.
Input
Loan amount(Rs)
I started repaying loan in
Loan tenure  years
Rate of interest  % p.a.
Rest
Marginal Tax Rate  %
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