To cash in on the 7th Pay Commission payout to government employees, state-owned Punjab National Bank (PNB) is offering them home and auto loans at attractive rates of 9.3-9.8 per cent beginning this month.
Budget 2016-17 provides for additional deduction of interest paid on housing loan, up to Rs.50,000/- over and above deduction for interest on housing loan up to Rs. 2,00,000, which is applicable to tax payer who is to buy his / her first house
Revised Income Tax Exemption Calculator for Interest paid on Housing Loan – Income or Loss or House Property Calculation under Section 24 of the Income Tax Act. Needless to say, GConnect Income Tax Exemption Calculator for Interest paid on Housing Loan is being used widely among salaried employees from the year 2008 itself. This Income […]