Salary in cash eligible for home loan

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Executive
34 Points Joined February 2010

Dear sir,
I started working for a private company in Mumbai from 15th October 2016. I am getting my remuneration of ₹. 55000 in cash from said period. The same I am depositing in my bank account regularly.
Prior to the current company I was working for another private company for the period 1st April to 17th august 2016. My remuneration was ₹. I 65000. In this company I was getting remuneration in Vijaya bank salary account opened by that company. I was getting my salary with TDS deducted.
I am filing tax returns from past 3years.
Now I want to purchase a home, and for which I have to give last six months bank statement. But in my bank statement the remuneration I get is displayed as cash deposited.
Will I get a loan as per normal procedure in this situation?

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On 02 May 2017 at 19:17 Report
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SEO Sai Gr. Hosp.
208770 Points Joined July 2016

"I am getting my remuneration of ₹. 55000 in cash from said period."

Are you getting salary slip? Under what section your TDS is getting deducted?  Why the employer is insisting for cash payment?

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On 02 May 2017 at 23:07
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Executive
34 Points Joined February 2010

Thank you for ur revert.
I am getting salary slip. The issue is they have not deducted TDS from Oct to March. I will pay income tax by self assessment in July 2017. From April onward they are going to give salary in cheque. can i avail loanin this situation?

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On 03 May 2017 at 10:06
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Executive
34 Points Joined February 2010
In this situation can I avail for a home loan
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On 03 May 2017 at 10:07
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Executive
34 Points Joined February 2010

Thank you for ur revert.
I am getting salary slip. The issue is they have not deducted TDS from Oct to March. I will pay income tax by self assessment in July 2017. From April onward they are going to give salary in cheque. can i avail loanin this situation?

 

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On 03 May 2017 at 10:23
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accountant
953 Points Joined January 2014
bhai. salaried person ki latest 3 months ki income cheque se show honi chahiye.. tabhi home loan milta hai......but ho sakta hai ki kisi bank ki alag policy ho..aap 2-3 banks se baat karke dekh lo
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On 03 May 2017 at 10:37
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SEO Sai Gr. Hosp.
208770 Points Joined July 2016

Though there is some technical issue; but you can get home loan based on employment letter, last three months salary slips, salary certificates of both the employers, you last three years ITR, current employer's assurance letter, along with other documents as per the bank/NBFC's requirement

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On 03 May 2017 at 10:40


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