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what amt should be as tax in IT return for taking home loan 15 lakh to 20 lakh
Replies (3)
The rule of thumb that most bank’s follow is to multiply your net salary by 60 to reach at the maximum homeloan amount that you can get.
Many other factors are considered like your other existing loans or size of family/dependents etc....
So, in general for home loan of 20 lakhs you should have around 35K take away salary PM.
Okkkk sir
but if party have only salary income and no other loans has been taken
then what amount should be in salary head and what is the lump sum amt as tax
but if party have only salary income and no other loans has been taken
then what amount should be in salary head and what is the lump sum amt as tax
Salary income would be as per form 16 on which TDS gets deducted by employer !!!
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