How much tax can you save if i take a housing loan of 25 lakhs and have already made a investment of 1 lakh.?



How much tax can you save if i take a housing loan of 25 lakhs and have already made a investment of 1 lakh. My current CTC is around 6.5 lakhs

How much tax can you save if i take a housing loan of 25 lakhs and have already made a investment of 1 lakh.?
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2 Replies to “How much tax can you save if i take a housing loan of 25 lakhs and have already made a investment of 1 lakh.?”


  1. 1,50,000/- Rs is the additional deduction from salary to be taxed if the intrest paid is 1,50,000/- in one year or which ever is less .So i am sure you can find the slab
    Taxable income slab (Rs.) Rate (%)
    Up to 1,10,000
    Up to 1,45,000 (for women)
    Up to 1,95,000 (for resident individual of 65 years or above) NIL
    1,10,000 – 1,50,000 10
    1,50,001 – 2,50,000 20
    2,50,001 – 1,000,000 30
    1,000,001 upwards 30

    http://www.surfindia.com/finance/income-tax/income-tax-calculator.html
    Th above site can do a good calculation for you





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