Salaried peoples expectations from Budget 2017-18 New Delhi: Finance Minister Arun Jaitley unveils the budget on 1 February. The salaried class has a lot of expectations from the Budget. Increase in the personal income tax exemption limit and a higher deduction limit on home loan interest are among the common ones, say analysts. The following salaried people's … [Read more...] about Salaried peoples expectations from Budget 2017-18
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Home Loan
Home Loan Interest Rates : Different rate of interest on home loans charged by banks
Home Loan Interest Rates : Different rate of interest on home loans charged by banks... Minister of State for Finance replied to a question in Lok Sabha on 22nd February 2013 regarding rate of interest on home loans being charged by various Scheduled Commercial Banks is given below... Interest rates on advances have been de-regulated by the Reserve Bank of India (RBI). … [Read more...] about Home Loan Interest Rates : Different rate of interest on home loans charged by banks
Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer
Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed that a person taking a loan for his first … [Read more...] about Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer
Foreclosure charges / Pre-payment penalties on Housing Loan
Foreclosure charges / Pre-payment penalties on Housing Loan Pre-Payment Penality on Home Loans Reserve Bank of India (RBI) in its monetary policy, during 2012-13 has announced not to permit banks to levy foreclosure charges/pre-payment penalties on home loan on a floating interest rate basis. Further, National Housing Bank (NHB) which regulates the Housing Finance … [Read more...] about Foreclosure charges / Pre-payment penalties on Housing Loan
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