Trade
Group Sites
Premia
Business Partners
Wealth
FLAME
Property Solutions
IIFL Finance
IIFL MF
IIFL Associates
About IIFl
Contact IIFl
Investor Relations
We're HIRING
FEEDBACK
Register
Login
Sensex
19,704.33
+30.00
0.15%
Nifty
5,983.55
+16.50
0.28%
Commodity Ideas
Stock Ideas
IIFL Live
Customer Service
Corporate News
IIFL
Quote
News
Quotes
View all
MF
View all
Insurance
View all
Commodity
View all
No Result found
Home
Markets
Equities
Market Statistics
Charts
Market Map
Derivatives
Commodity
IPO
Companies
News
Overview
Top
Business
Corporate
Equities
Commodity
Currency
MF
Insurance
IPO
Economy
Global
M&A
Gold
PR Newswire
Dow Jones
Business Wire
Research & Ideas
Overview
Recommendations
Sectors
Market Analysis
Leader Speak
Featured Reports
Sector Indices
Articles
In Focus
Calendar
Economy
Mutual Funds
Fund Snapshot
Fund Houses
Equity Funds
Debt Funds
Balanced Funds
ETFs
NFO Updates
Dividend Tracker
Fund Manager Speak
Apply Online
Discuss
Discussions
Polls
Videos
Chat With Experts
Live TV
Personal Finance
Overview
Insurance
NRI Corner
Loans
Calculators
Articles
Union Budget
Railway Budget
Data Monitor
Blog
Portfolio
News
Insurance
|
Mutual Fund
|
Personal Finance
Kyobo Life plans to buy stake in ING’s South Korean insurance unit
India Infoline Weekly Newsletter - May 24, 2013
Reliance Life targets 10% growth in premium income in FY14
Insurers in operation for 3 yrs are eligible for open offices abroad: IRDA
Things you should know about ULIPs
More News >>
Book Review
The reality-based rules of the workplace
“The best way to be valued at work is to add a ton of value, and Cy Wakeman shows you exactly how to do it in today's fast-moving, technology-fueled workplace. She'll also guide you to getting your MOJO back as an employee. An invaluable tool for those who want success at work and at home.” —Mars...
Powerplay: The Game Is On
Millionaires Don’t Eat Cakes. . . They Make Them
View all book reviews >>
IndiaInfoline
Personal Finance
Calculators
Saving Tax from Housing Loan
Check how your housing loan on a new house purchase can save tax
Input
Loan amount (Rs.)
I started repaying loan in
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Loan tenure
years
Rate of interest
% p.a.
Rest
Yearly
Monthly
Marginal Tax Rate
%
Result
Your housing loan EMI comes to Rs.
Rs.
p.m.
Explanation :-
If you are buying a newly constructed house taking a home loan, you'll get tax exemptions on interest payment upto Rs. 1 lacs p.a. and tax rebate on principal repayment upto Rs. 20,000 p.a.
Your tax saving depends on loan amount, loan tenure, rate of interest, reducing balance frequency and your marginal tax bracket.
Want to know the returns you would earn on your SIP?
Convert flat rate of your auto loan EMI into effective monthly reducing rate
Calculate how much should be your monthly saving to save a Million
Worried about th worth of your wealth at retirement? Check our wealth at retirement calculator
Articles
Personal Finance
|
Research
Things you should know about ULIPs
In the first three years, the fund value of a ULIP may remain low due to the high expenses—such as administration charge, fund management charge, premium allocation charge and mortality charge—deducte..
How to choose an appropriate car insurance plan
To optimise your car insurance plan, here are a few important points to keep in mind..
Should you invest in inflation-indexed bonds?
The first tranche of inflation-indexed bonds are scheduled for June 4. Do read on to understand whether the bonds will really benefit you...
Know more about mortgage loan
A mortgage loan offers the borrower an opportunity to generate additional income from an otherwise idle property..
Looking to invest in gold? Here’s some paper versions
Gold ETFs and e-gold are good investment options for those looking for the comforts of physical gold yet avoiding the hassles that come with it...
View all personal finance articles >>
Personal Finance Research
Insurance
|
Mutual fund
Insurance Monthly - July 2010
Insurance Monthly Update – May 2010
Insurance Monthly Update – March 2010
Insurance Monthly Update – February 2010
Insurance Monthly Update - December 2009
Insurance Monthly Update – November 2009
View all research reports >>
Tax
Savings
Auto Loan
Housing Loan
Housing Loan EMI
Saving Tax from
Housing Loan
Child Loan
Retirement Planning
Investment Guide
MF Calculators