Tax Saving Calculator

Don't pay rent - Buy your house!

Save on ever increasing rents.
Pay fixed EMIs on your housing loan.
Save on income tax payment u/s 80C & 24 of IT Act on EMIs.

• Summary Date:23/04/2024
• Customer Name: Mr. Mrs.
• Cost of flat / villa - Rs. lakhs
• Housing loan required - Rs. lakhs
• Present monthly rent - Rs.
• Present annual income - Rs. lakhs
•  

Assumptions

Interest rate on the housing loan is 9.5% pa with a loan tenure of 15 years.
Rate of income tax remains the same for 5 years.
EMI per lakh of housing loan - Rs. 1,044/-
Gender of purchaser - Male
No other deductions are claimed u/s 80C.
Annual income increases by 10% every year.
Rent increases by 10% every year.
Calculation details given separately