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vishqna505 Posted on Feb 21, 2013

How much benefit can one get due to house loan in calculation of income tax? Is there any good online calculator?

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    As a student, I can attest to the fact that many companies have a poor track record when it comes to dealing with students. In the end, I settled on the company that offered payday loans MD online that had a standard set of terms. Since then, I've recommended their services to everyone because they offer really favorable terms for loans.

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As a college student, I can attest to the fact that many businesses have a difficult time connecting with young people. I narrowed my search to just one company that offered Payday Loans in Kentucky under normal terms. Now that I've used their services, I recommend them to everyone because they offer excellent loan terms.

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As a student, I can say for sure that many companies sometimes do very poorly with students. From all I chose only one that offered normal conditions payday loans in California online. Now I recommend everyone to use their services as they provide really good conditions for loans.

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Hello, it depends on which loan company you apply for. There are kinds of loans one of it is the construction loans which is I think best fit for your need. Also, if you wish to calculate the interest for your loan, there are free website online you can always browse.

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  • Posted on Feb 25, 2013
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In case of joint house loan total benefit can be higher

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For invidividual limit is 1.5 only

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  • Posted on Feb 23, 2013
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The benefit is 1.5L in case of house loan, refer http://www.makemyreturns.com/income-tax-calculator/income-tax-calculator.asp to calculate your income tax

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Anonymous

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  • Posted on Apr 12, 2007

SOURCE: Changing the % tax setting on my Casio calculator

step 1 pess the AC button step 2 press and hold for two seconds the % button step 3 press the tax+ button step 4 input 17Ā­.5 step 5 press the % button that should be the tax set you can check it is set correctly by pressing the AC button and then the tax+ and 17.5 should be displayed

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1badengineer

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  • Posted on Jan 11, 2008

SOURCE: Casio calculator MS-8TV

SETTING YOUR TAX RATE
you hold your set % button down for three seconds until set shows again, then hit tax rate button it shows your tax rate, change your tax rate then hit set your tax rate should be set.



cliff notes:
hold set% button
hit tax+ button
change the desired %
hit set done

A

Anonymous

  • Posted on Jan 26, 2008

SOURCE: CHANGE TAX %+ & TAX- ON MY CASIO JF-100TE CALCULATOR

1. Press [AC]
2. Hold [SET/%] key for about 2 seconds
3. Press [TAX+]
4. Input the tax rate
5. Press [SET/%]

Anonymous

  • 1 Answer
  • Posted on May 16, 2008

SOURCE: simple loan payment

200,000 (PV) 5.75 (I/Y) 30 (2nd) (N)(N) (CPT)(PMT)

Anonymous

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  • Posted on Oct 07, 2008

SOURCE: tax rate

press button CA then TAX+ and enter tax rate figure, then press TAX+ again to store.

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Related Questions:

0helpful
1answer

50K is my monthly income and I am planning to buy a house in Mumbai with a home loan. Is it a good option?

Yes, definitely, it is a good idea to take a Home Loan and purchase a house in Mumbai. As we all know that the cost of houses in Mumbai is pretty higher than most of the cities in India. But, there are places in Mumbai where you will get houses at affordable rates, so you may not need Home Loan to finance it. Whereas, there are places like Bandra, Powai, Andheri, South Mumbai, Juhu, etc., where you have to take a Home Loan to finance it. The cost of houses in these places will be very high.

As you have mentioned that your per month income is Rs. 50K, you can invest Rs. 23K as your EMI. If you start calculating at an interest rate of 12% for 20 years, you can apply for a Home Loan in Mumbai of Rs. 21 lacs. This can be 80%-90% of your house value. The rest you have to download from your own savings.
1helpful
1answer

In a joint home loan, can both husband and wife avail for a tax investment? If yes, how?

By tax investment you mean tax benefits? If so, then you need to be a joint owner of the property, ownership percentage should be clearly mentioned or will be split equally, and you must be a co-borrower. The construction of the property must be complete. With the above three conditions fulfilled both of you can avail tax benefits on Joint Home Loan.

About how to do it

You will have to claim the benefits. You can claim it under Section 24 and 80C of the Income Tax Act. The interest that you have to pay against Home Loan is entitled for tax deductions by up to Rs. 2 Lakhs for the principal amount for both the individuals. On the interest part the tax rebate is up to Rs. 1.5 Lakhs per owner. The ratio of the ownership decides the division of tax exemption.
0helpful
1answer

How do I calculate my tax mannualy

Download or obtain a paper income tax return and enter your numbers from your tax receipts into the form and do all the calculations manually.

Good luck,

Paul
0helpful
1answer

How to calculate tax online?

There are several online sites where you can calculate your tax online. I would like to suggest you to visit http://www.taxmann.com/Tax-Calculator.aspx for calculating tax online.
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