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Loan

This query is : Resolved 
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(Querist)
14 July 2016 Can any one tel me to the wat extent I need to pay tax if I want to avail lain from bank @ 25 laks for construction f residential house
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 July 2016 a thumb rule is that
40 times of salary....for salary earners......750000 salary income without any deducction like 80C etc...tax is 70000
4 times of average profit.... for businessmen/professionals.....625000 of income...without any deduction like 80C etc...is 45000
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Ravi kiran yadav

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Ravi kiran yadav (Querist)
14 July 2016 thank u sir
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 July 2016 you are most welcome.
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