How much home loan to take to save Income tax of Rs 30,000 per year ?

POSTED BY angu012d ON January 9, 2014 10:32 am COMMENTS (2)

To save 30000 income tax annually, how much home loan I should I should take for how much duration?

2 replies on this article “How much home loan to take to save Income tax of Rs 30,000 per year ?”

  1. ashalanshu says:

    Dear Angu, what ‘ll you do if suddenly Govt. of India stops this home loan related tax benefit? Regarding your tax calculations, may I know in which tax slab you are in as of now?

    Thanks

    Ashal

  2. I think loan of 2-3 lacs should also be sufficient for 15 yrs (saying this without any calculations) .

    Manish

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