I am a male, working as a Coordinator in the construction industry in a firm in Hyderabad, India.
My salary is Rs. 1,176,000 per annum. Housing is provided by the firm therefore no HRA is allocated.
Also, I have no savings / investment plans at the moment.
How much tax will I have to pay?
You can, provided the city where you are purchasing the property is withing purview of the Bank and they can send their staff to assess the facts. Some Banks having branches all over the country, refer to the branches in which the property exists for assessment and after getting reply they issue loan from any city from where the applicant resides and applied for loan.
How to Calculate Input & output sales tax for a construction company?
How to Calculate Service Tax for the same?
I have taken an house loan from HDFC in 2009-10 but the flat will be given posseion only in July 2010, although EMI has already commenced. Can I claim tax exemption in this year on the interest, though I have not got posseion of the flat. Construction is 80& through.