For salaried individuals managing their finances, reducing income tax liabilities, and increasing disposable income is essential. Proper tax planning and savings can help you take advantage of legal tax-saving opportunities, such as investing in tax-saving schemes, claiming deductions and exemptions, and minimising income tax liabilities. This, in turn, allows you to better manage your finances, achieve financial goals, and build wealth over time. It is essential to stay informed and updated on the latest changes in income tax laws to ensure that all available tax-saving opportunities are utilised effectively.
In this article, we discuss tax-saving opportunities for salaried individuals earning above Rs.25 Lakh and other deductions and exemptions available to them. By utilising these options, you can reduce your tax liabilities and increase your disposable income.
Brief Overview of Taxation for FY 2023-24 (AY 2024-25)
Taxation in India is regulated by the Income Tax Act, 1961, which is a set of rules that determines how much funds individuals and entities have to pay as taxes based on their income. Tax is levied based on various income categories, with rates increasing for higher income brackets. The government collects taxes in different ways, such as income tax, corporate tax, goods and services tax (GST), and customs duties. These funds are used for various purposes like funding social welfare programs, developing infrastructure, and defence.
The government also offers tax exemptions, deductions, and rebates to encourage people to invest in specific sectors or make charitable contributions. To manage finances properly, it is essential to understand the Indian taxation system and follow the rules.
Understanding Taxation for Salaried Individuals in India
Understanding taxation is essential for salaried individuals in India to effectively manage their finances. Income tax slab rates in India determine the percentage of tax individuals pay based on their income. Salaried individuals can claim tax deductions and exemptions to reduce their taxable income, such as deductions on investments in tax-saving schemes and exemptions on specific allowances. Types of income considered for taxation include salary, capital gains, and rental income. By understanding the different types of taxes, tax rates, deductions, and exemptions available to them, salaried individuals can ensure compliance with tax laws and maximise their savings.
Income Tax Slab Rates in India
Income tax slab rates in India determine the tax percentage individuals pay according to their income. There are currently six tax slab rates, ranging from 0% to 30%, reviewed and revised annually during the Union Budget. Understanding these rates is important for salaried individuals to calculate their income tax liability accurately.
Income Slabs | Income Tax Rate Under New Tax Regime |
---|---|
Rs. 0 to Rs. 3 Lakh | 0% |
Rs.3 Lakhs to Rs.6 Lakh | 5% |
Rs.6 Lakh to Rs.9 Lakh | 10% |
Rs.9 Lakh to Rs.10 Lakh | 15% |
Rs.10 Lakh to Rs.12 Lakh | 15% |
Rs.12 Lakh to Rs.15 Lakh | 20% |
Above Rs.15 Lakh | 30% |
Tax Deductions and Exemptions Available for Salaried Individuals
Tax deductions and exemptions play a significant role in the Indian tax system, enabling salaried individuals to decrease their taxable income and consequently, their tax liability. A few examples of such tax deductions and exemptions accessible to salaried individuals are:
- Salaried individuals can claim deductions under Section 80C for investments in tax-saving schemes such as the Public Provident Fund (PPF), the Equity-Linked Saving Schemes (ELSS), and the National Pension System (NPS), among others, up to Rs.1.5 Lakh.
- Salaried individuals can claim deductions on health insurance premiums paid for themselves and their dependents under Section 80D. This section allows a maximum deduction of Rs.25,000 for individuals and Rs.50,000 for senior citizens.
- Salaried individuals who live in rented accommodation can claim a deduction on the House Rent Allowance (HRA) component of their salary. The amount of deduction depends on their salary, HRA received, and city of residence.
- One of the tax deductions available to salaried individuals is the standard deduction. This deduction allows individuals to claim Rs.50,000 as a deduction from their taxable income. Unlike other deductions, the standard deduction does not require any proof of investment or expense and is available to all salaried individuals.
- Salaried individuals are eligible to claim a tax exemption on domestic travel expenses for themselves and their family twice in a block of four years under Leave Travel Allowance (LTA).
Types of Income Considered for Taxation
To calculate taxable income, the Indian tax system takes into account various types of income, which salaried individuals should know to determine their taxable income. The following are some common types of income considered for taxation:
- Salary income refers to all earnings received from an employer, which encompasses basic salary, bonuses, commissions, and allowances, among other forms of income.
- One's income from renting out a property or owning a house property is considered as Income from House Property for taxation purposes.
- Capital gains are profits generated from the sale of capital assets, such as stocks, mutual funds, or property.
- Individuals who are self-employed or own a business are considered to have business income. This type of income includes the earnings from running their business or profession.
- Other sources of income considered for taxation include earnings from interest on bank deposits, dividends, and royalties, among others.
Maximising Tax Savings through Investments
Investing in tax-saving schemes like PPF, ELSS, NPS, and tax-saving fixed deposits can help individuals reduce their tax liability by claiming deductions under Section 80C. Besides, investments in health insurance, life insurance, and pension plans can also help individuals claim deductions under different sections of the Income Tax Act, 1961. Maximising tax savings through investments not only helps individuals save tax but also enables them to grow their wealth over the long term.
Importance of Investments for Tax Savings
Investing in tax-saving schemes is essential for tax planning and can significantly lower an individual's tax liability. The Public Provident Fund (PPF), Equity-Linked Saving Schemes (ELSS), and National Pension System (NPS) are popular tax-saving investment options that offer deductions under Section 80C of the Income Tax Act, 1961. Additionally, investments in health insurance, life insurance, and pension plans can also help individuals claim deductions under different sections of the Income Tax Act, 1961. Consistent investing enables individuals to build a diversified portfolio that can not only save tax but also generate wealth over time.
Overview of Investment Options Available in India
There is a wide range of investment options available in India, with varying levels of risk and potential returns. Some popular investment choices in India include:
- The Public Provident Fund (PPF) is a government-backed long-term investment option that comes with a lock-in period of 15 years and provides tax-free returns.
- One investment option for tax savings is Equity-Linked Saving Schemes (ELSS), which is a mutual fund scheme that invests primarily in equities. It offers the potential for high returns and has a lock-in period of three years.
- The National Pension System (NPS) is an investment option aimed at retirement planning that is governed by the Pension Fund Regulatory and Development Authority (PFRDA). It provides a variety of investment options and tax advantages.
Tax Benefits of Various Investment Options
Investment options like ELSS, PPF, and NPS, among others, provide tax benefits to individuals in India, enabling them to lower their taxable income and ultimately, their tax liability.
- ELSS provides individuals a tax benefit of up to Rs.1.5 Lakh under Section 80C of the Income Tax Act, 1961. Moreover, long-term capital gains on ELSS investments are also tax-exempt up to Rs.1 Lakh per annum.
- The Public Provident Fund (PPF) is a tax-exempt investment alternative that comes with a 15-year lock-in period. The interest received on PPF investments is tax-free, and individuals can claim a tax deduction of up to Rs.1.5 Lakh under Section 80C of the Income Tax Act, 1961, for their investment amount.
- Investing in the National Pension System (NPS) can provide tax benefits under different sections of the Income Tax Act, 1961. Individuals can claim a tax deduction of up to Rs.1.5 Lakh on the investment amount under Section 80C, and an additional deduction of Rs.50,000 is available under Section 80CCD(1B).
- Investing in tax-saving fixed deposits that have a lock-in period of five years can help individuals claim a tax deduction of up to Rs.1.5 Lakh under Section 80C of the Income Tax Act, 1961.
Strategies for Choosing the Right Investment Mix for Tax Savings
Maximizing tax savings requires careful consideration of the investment mix. Several factors such as the investor's risk appetite, investment goals, and tax bracket come into play when selecting the right investment mix. To choose the right investment mix for tax savings, the following strategies can be helpful:
- To optimise your tax savings, it's important to have a clear understanding of your tax bracket. If you fall into a higher tax bracket, it is recommended to invest in tax-saving options like ELSS and NPS.
- One way to minimise risk and maximise returns is by diversifying your investments. Depending on your risk tolerance, it is recommended to have a combination of equity and debt investments in your portfolio.
- You can consider utilising an income tax calculator to evaluate the influence of a Home Loan on your tax obligation.
Tax Saving through Home Loan
Individuals can reduce their tax liability through tax-saving schemes such as a Home Loan. Apart from fulfilling the dream of owning a house, availing a Home Loan also provides several tax benefits. The Home Loan tax benefit can be claimed under different sections of the Income Tax Act, but the benefits may vary based on factors such as the loan's purpose, borrowed amount, and interest paid. To better understand the impact of Home Loan interest on tax liability, using an income tax calculator can help individuals plan their finances accordingly.
Tax Benefits Available on Home Loans
There are numerous tax benefits available to borrowers in India who have availed of Home Loans. Here are some of the tax benefits that one can avail of when taking a Home Loan:
- Tax deduction is available on Home Loan interest under Section 24(b) of the Income Tax Act, 1961. The maximum deduction allowed for a self-occupied property is Rs.2 Lakh, and there is no limit for a property that is let out.
- Tax deduction on principal repayment of Home Loans available under Section 80C with a maximum deduction limit of up to Rs.1.5 Lakh for both self-occupied and let-out properties.
- Tax deduction is available on stamp duty and registration charges paid for purchasing a property under Section 80C of the Income Tax Act, 1961. The maximum deduction available is up to Rs.1.5 Lakh.
- Joint Home Loan borrowers can claim individual tax benefits on Home Loan interest and principal repayment, based on their ownership share.
Eligibility Criteria for Availing Tax Benefits on Home Loans
One must fulfil specific eligibility criteria to claim tax benefits on Home Loans in India. These include:
- Individuals who have availed of a Home Loan to purchase a new property are eligible to claim tax benefits under various sections of the Income Tax Act such as Section 80C, 24(b), 80EEA, and 80EE. Additionally, if the Home Loan is taken jointly by co-owners of the property, both borrowers can claim tax benefits.
- To claim tax deductions on a Home Loan, the property should be fully constructed. If the house is not built, it must be completed within five years of taking the loan to claim maximum deductions. Borrowers need an interest certificate from the financial institution to avail of the Home Loan interest deduction.
- In order to avail additional tax benefits of up to Rs.1.5 Lakh under Section 80EEA, it is necessary to be a first-time homebuyer and the stamp value of the property should not exceed Rs.45 Lakh.
- To claim tax benefits, the borrower needs to furnish appropriate documents such as the loan agreement, possession letter, and completion certificate.
How to Calculate Tax Savings on Home Loans
Using an Income Tax Calculator to calculate tax savings on a Home Loan is a simple procedure. Firstly, select your gender. Then, enter your annual income, interest paid on the Home Loan, and principal amount repaid during the financial year into the calculator. After that, the calculator will compute the tax liability before and after claiming deductions on the Home Loan. The variation between these two values signifies the amount of tax savings that can be obtained through the Home Loan.
HRA and its Tax Benefits
HRA or House Rent Allowance is a component of an employee's salary that covers their rental expenses and can be eligible for tax benefits if certain conditions are met. The amount of tax deduction available on HRA depends on factors such as the employee's salary, rent paid, and city of residence. HRA tax benefits can be claimed under Section 10(13A) of the Income Tax Act, 1961.
How to Claim Tax Deductions on HRA
To claim tax deductions on HRA, the employee must furnish the following details to their employer:
- Rent receipts need to be provided by the employee as evidence of payment made to the landlord.
- The submission of a valid rent agreement between the employee and landlord is necessary for claiming HRA tax deductions.
- If the employee pays an annual rent exceeding Rs.1 Lakh, they need to provide the PAN of the landlord.
The employer calculates tax benefits using the provided documents and adjusts the employee's salary accordingly. If the employer doesn't provide HRA, rent paid can still be claimed for tax deductions under Section 80GG of the Income Tax Act, 1961.
Eligibility Criteria for Claiming Tax Benefits on HRA
One can claim tax deductions on HRA under Section 10 (13A) of the Income Tax Act, 1961 by meeting the following requirements:
- To claim HRA deductions under Section 10(13A) of the Income Tax Act, the individual must either be self-employed or salaried and currently residing in a rented house.
- They must provide a house rent receipt or any other proof of their rented accommodation to claim the HRA deductions.
- The calculation for HRA deductions is based on the rent paid for the rented house and not the individual's personal residence.
Medical and Health Insurance
Tax Benefits of Medical and Health Insurance
Under Section 80D of the Income Tax Act 1961, taxpayers in India can avail of tax benefits on medical and health insurance premiums paid. The amount of deduction depends on the policy type, premium amount, and age of the individual. The maximum deduction available is Rs.50,000 for senior citizens and Rs.25,000 for individuals under 60 years. One can also claim an extra deduction of up to Rs.5,000 for preventive health checkups.
Eligibility Criteria for Claiming Tax Deductions on Medical and Health Insurance
The following eligibility criteria must be fulfilled to claim tax deductions on medical and health insurance premiums under Section 80D of the Income Tax Act, 1961 in India:
- The taxpayer, their spouse, or dependent children must be named as the insured on the insurance policy to claim tax deductions under Section 80D of the Income Tax Act in India.
- The payment for the insurance premium must have been made by the taxpayer.
- Senior citizens are eligible for a maximum deduction of Rs.50,000, while individuals below 60 years of age can claim up to Rs.25,000 as a deduction on medical and health insurance premiums.
- A deduction of up to Rs.5,000 can also be claimed for preventive health checkups.
- The insurance policy should be from an IRDAI-registered insurance company to claim tax deductions on medical and health insurance premiums.
How to Calculate Tax Savings on Medical and Health Insurance
A Section 80D tax saving calculator is a tool that helps taxpayers calculate their tax savings on medical and health insurance premiums.
- The calculator takes into account factors such as the age of the taxpayer, the type of insurance policy, and the premium paid to determine the maximum deduction available under Section 80D.
- To use the calculator, taxpayers need to enter their age, the number of family members covered under the policy, and the premium paid for the policy.
- The calculator then displays the maximum deduction available under Section 80D, as well as the amount of tax savings that can be claimed.
- Some tax filing websites and financial institutions offer online Section 80D tax-saving calculators that can be used for free.
Understanding Tax Deducted at Source (TDS)
Overview of TDS and Its Implications
TDS is a method to collect taxes at the source of income generation in India. It is mandatory for various transactions such as salaries, rent, professional fees, and interest. The employer or payer deducts TDS at a prescribed rate and deposits it with the government, treated as an advance tax payment by the taxpayer.
How to Calculate TDS
- To calculate the TDS amount, the payer must determine the relevant TDS rate and apply it to the amount paid to the payee.
- For example, if an employee receives a salary of Rs.50,000 per month and the applicable TDS rate is 10%, the employer must deduct Rs.5,000 as TDS from the salary and deposit it with the government.
How to Claim a TDS Refund
Here are the steps to claim a TDS refund in India:
- Obtain Form 26A and get a consolidated tax credit statement from the income tax department's website or your net banking account.
- Verify the TDS amount mentioned in Form 26AS with the TDS certificates received from the deductor.
- File your ITR online or offline.
- Provide the TDS amount deducted, refund due, and bank account details in the ITR form.
- Submit the ITR form and verify it using Aadhaar OTP or digital signature if filed online.
- Check the refund status on the income tax department's website after the ITR is processed, and receive the refund in your bank account if the ITR is processed successfully.
Tax Planning through Salary Restructuring
Overview of TDS and Its Implications
Salary restructuring involves rearranging the various components of an employee's salary to lower their tax burden. This is achieved by adjusting the proportion of salary paid as basic salary, allowances, and perquisites. The purpose of salary restructuring is to reduce tax liability while increasing the take-home salary. The benefits of salary restructuring include:
- Salary restructuring can increase take-home pay by reducing tax liability.
- Salary restructuring can reduce tax liability by utilising deductions and exemptions.
- Restructuring salary can allow employees to increase their Provident Fund contribution, resulting in better retirement benefits.
Strategies for Salary Restructuring to Save Taxes
Some of the strategies that can be used for salary restructuring to save taxes are:
- Employees can choose tax-free allowances such as HRA, LTA, and Medical Allowance to lower their taxable income.
- Employees can claim deductions for investments made in instruments such as PPF, ELSS, NPS, and Life Insurance to lower their taxable income.
- Basic salary is fully taxable, while allowances are partially taxable. By restructuring the basic salary, employees can lower its proportion and reduce their tax liability.
Common Salary Restructuring Techniques
Here are some common salary restructuring techniques:
- Increase the proportion of allowances such as HRA and LTA to reduce taxable income.
- Opt for Employee Stock Options (ESOPs) instead of a bonus or additional salary to reduce tax liability.
- Reimburse work-related expenses incurred by employees instead of providing taxable allowances.
Tax Planning through Retirement Planning
Retirement planning involves investing in financial instruments that can provide a regular income stream after retirement to ensure financial stability during old age. It helps individuals achieve their long-term financial goals and secure a comfortable retirement.
Tax Benefits of Retirement Planning
Retirement planning offers various tax benefits that can help in reducing the tax liability of individuals. Some of the tax benefits of retirement planning are as follows:
- Investments in retirement planning instruments like PPF, EPF, NPS, and ELSS can be claimed for a deduction of up to Rs.1.5 Lakh under Section 80C of the Income Tax Act, 1961.
- Income from some retirement planning instruments like NPS and PPF are tax-free to a certain limit.
- An extra deduction of up to Rs.50,000 is available under Section 80CCD for investments made in the National Pension Scheme.
Retirement Planning Options Available in India
There are several retirement planning options that individuals can consider, and some of the commonly used ones are:
- The National Pension Scheme (NPS) is a retirement-focused plan that provides a lump sum payout along with monthly pension payments when the investor reaches retirement age.
- The Public Provident Fund (PPF) is a long-term investment plan with a lock-in period of 15 years. The invested funds cannot be withdrawn before 15 years, and after the expiry of the lock-in period, funds can be withdrawn only in a lump sum.
- EPF is a scheme for salaried employees where both employer and employee contribute equally to a common fund. Upon retirement, the employee gets the principal amount and the accrued interest.
Understanding Capital Gains Tax
Capital gains tax is a levy on the gains made from selling an asset, including stocks, bonds, and real estate. The tax is based on the difference between the asset's purchase price and the sale price. As it can have a substantial impact on investors, it is crucial to grasp how the tax operates.
Calculation of Capital Gains Tax
Capital Gain = Selling Price of the Asset – (Cost of Acquisition + Cost of Improvement + Cost of Transfer)
Wherein,
- The selling price of an asset refers to the amount at which the asset is sold.
- Cost of Acquisition refers to the initial expenses incurred by the taxpayer to acquire the asset, which may include the purchase price, stamp duty, registration fee, and legal fees.
- Cost of Improvement refers to the expenses borne by the taxpayer to enhance the value of an asset through modifications, renovations, or extensions.
- The cost of transfer refers to the expenses borne by the taxpayer during the process of transferring the asset, including fees for brokerage, commission, and legal services.
Strategies for Reducing Capital Gains Tax
Here are two important strategies for reducing capital gains tax:
- When an individual sells a property and invests the sale proceeds in the purchase or construction of a residential property, they may be eligible for exemptions under Section 54F of the Income Tax Act, 1961. This section provides exemptions from capital gains tax if certain conditions are met.
- Under Section 54EC, an individual can claim an exemption from capital gains tax by investing in specified capital gains bonds. The maximum investment allowed in these bonds is Rs.50 Lakh, and the lock-in period is five years.
Tax Planning for Senior Citizens
Senior citizens in India, defined as individuals who are 60 years old or above, can benefit from several tax benefits to minimise their tax liability. Tax planning is important for senior citizens who rely on a fixed income. The tax benefits available to them include a higher income tax exemption limit, tax deductions, and exemptions on income from specific sources. Taking advantage of these benefits can help senior citizens save funds on taxes.
Tax Benefits Available to Senior Citizens in India
Here are some of the tax benefits available to senior citizens in India:
- Senior citizens in India enjoy a differential income tax slab rate as compared to non-senior citizens, resulting in significant tax savings. This tax benefit translates into a tax saving of Rs.5000 for senior citizens and Rs.30,000 for super senior citizens.
- Starting from the financial year 2018-19, a new section 80TTB has been introduced that allows senior citizens to claim a deduction for interest up to Rs.50,000. Any interest earned beyond this amount would be subject to taxation based on the applicable slab rates for senior citizens.
- For non-senior citizens, the deduction allowed under section 80D for payment of medical insurance premiums is limited to Rs.25,000. However, senior citizens can avail of a higher deduction of Rs.50,000 for the same purpose. This increase from Rs.30,000 to Rs.50,000 was introduced in the 2018 Budget.
- If a senior citizen's total income is exempt from income tax and no tax is payable by them for the financial year, they can submit Form 15H to avoid tax deduction at source (TDS) on interest earned from fixed deposits.
Strategies for Maximising Tax Savings for Senior Citizens
Below are some strategies that senior citizens may employ to optimise their tax savings:
- Senior citizens can invest in tax-saving options to reduce tax liability, such as Health Insurance, SCSS, fixed deposits, NPS, and other instruments.
- To minimize their tax liability, senior citizens can utilize tax-free income sources such as tax-free bonds, post office savings schemes, and PPF.
- To reduce their tax liability, senior citizens can consider sharing ownership of their assets with their children or spouse, allowing them to split their income.
- Senior citizens can reduce their tax liability by claiming deductions under Section 80D for medical insurance premiums and Section 80DD for expenses incurred for dependent family members with disabilities.
Conclusion
In conclusion, salaried individuals earning between Rs.20 Lakh and Rs.25 Lakh in India can significantly reduce their tax liability by effectively planning and utilizing various tax-saving instruments such as deductions, exemptions, and investments. It is essential to stay updated with the latest tax laws and regulations and by adopting a proactive approach towards tax planning, individuals can achieve their financial goals and secure their future.
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
Frequently Asked Questions
Income | Tax Rates |
---|---|
Rs.0 to Rs.3 Lakh | 0% |
Rs.3 Lakh to Rs.6 Lakh | 5% |
Rs.6 Lakh to Rs.9 Lakh | 10% |
Rs.9 Lakh to Rs.12 Lakh | 15% |
Rs.12 Lakh to Rs.15 Lakh | 20% |
Above Rs.15 Lakh | 30% |
Salaried individuals have access to several tax exemptions and deductions, such as HRA (House Rent Allowance), LTA (Leave Travel Allowance), medical expenses, standard deduction, education expenses, charitable donations, and interest paid on Home Loans.
Various investment options are available for tax savings, including the Public Provident Fund (PPF), National Pension Scheme (NPS), Equity-Linked Saving Scheme (ELSS), tax-saving fixed deposits, and Unit Linked Insurance Plans (ULIPs).
Salaried individuals can claim a tax deduction of up to Rs.2 Lakh on the interest paid on Home Loans and up to Rs.1.5 Lakh for the principal amount repaid, under Section 80C of the Income Tax Act.
No, HRA cannot be claimed as a tax deduction if an individual is living in their own house.
Under Section 80D of the Income Tax Act, individuals can claim a maximum tax deduction of Rs.25,000 on medical and health insurance premiums, while senior citizens can claim up to Rs.50,000.
To claim a TDS refund, individuals need to file their income tax return and provide their TDS deduction details. If the TDS amount deducted is higher than the actual tax liability, then they can claim a refund of the excess amount. Once the Income Tax Department processes the ITR, the refund will be credited to the individual's bank account.
The common techniques for salary restructuring to save taxes include reimbursements of medical bills, telephone bills, and fuel expenses, offering food coupons or meal vouchers, providing company accommodation or a car lease, and restructuring the salary to include more tax-free components.
The retirement planning options in India include the National Pension System (NPS), Public Provident Fund (PPF), Atal Pension Yojana (APY), Senior Citizens Saving Scheme (SCSS), and Mutual Funds.
Senior citizens in India are entitled to various tax benefits such as increased exemptions on income tax, higher deductions for medical insurance premiums, and deductions for medical expenses related to dependent family members with disabilities.
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
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Benefits of Loan Against Property EMI Calculator2024-12-03 | 3 min

home+loan Home Loan
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All You Need to Know About Home Loans2023-01-19 | 5 min

home+loan Home Loan
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Should I Apply for a Pre-Approved Home Loan or an After Property Finalisation Loan?2024-03-15 | 5 min

home+loan Home Loan
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3 Smart Tips for Refinancing Your Home Loan2024-12-03 | 3 min

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NRI vs. Indian Resident Home Loans2025-03-13 | 2 min

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Home Loan Overdraft Facility: Features and Benefits2025-03-19 | 3 min

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Loan Against Property or A Home Loan: Know What You Need2024-06-11 | 5 min

home+loan Home Loan
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Home Loan Refinancing: What, Why, and Things to Remember2024-06-17 | 5 Min

loan+against+property Loan Against Property
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Common Mistakes You Must Avoid Making When Applying for a Loan Against Property2023-02-09 | 5 min

home+loan Home Loan
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How to Pick the Best Home Loan Tenure that Suits Your Budget2023-06-29 | 5 min

home+loan Home Loan
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Home Loan EMI Calculator Benefits and It’s Features2024-02-21 | 4 min

home+loan Home Loan
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Making Financial Planning Easy with a Home Loan EMI Calculator2023-09-06 | 2 min

loan+against+property Loan Against Property
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Everything You Wanted to Know About Loan Against Property2023-12-16 | 5 Min

tax Tax
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Top 5 Tax Benefits and Other Advantages of a Joint Home Loan2024-07-10 | 8 min

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6 Smart Tips to Increase Your Home Loan Eligibility2024-06-27 | 4 min

cibil Cibil
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High CIBIL Score Helps Low-Interest Rate Loans2024-06-10 | 5 min

loan+against+property Loan Against Property
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Top Benefits of a Loan Against Property Over Collateral-Free Loans2024-01-09 | 4 min

home+loan Home Loan
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All About Home Loan Balance Transfers2024-06-04 | 4 mins

home+loan Home Loan
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Common Myths About Home Loans: All You Need to Know2024-04-08 | 5 min

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Loan Against Property for Doctors: An Essential Checklist2024-05-07 | 2 min

cibil Cibil
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Does CIBIL Score Affect Loan Against Property Eligibility?2023-02-15 | 7 min

home+loan Home Loan
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How Can NRIs Avail of Home Loans in India2025-03-17 | 2 min

loan+against+property Loan Against Property
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Step-by-Step Process How to Apply for a Loan Against Property2024-03-05 | 4 Min

home+loan Home Loan
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Tips to Get Home Loan with Minimum Down Payment in India2023-07-11 | 5 min

home+loan Home Loan
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Understanding EMI: Full Form and Calculation Methods2025-02-24 | 3 min

home+loan Home Loan
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A Step-by-Step Guide to Home Loan Balance Transfer Application2024-07-09 | 6 min

tax Tax
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Should You Get a Home Loan to Save Your Taxes?2024-02-01 | 3 min

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NRI Home Loans: 5 Things to Keep in Mind Before Applying2024-02-15 | 4 min

cibil Cibil
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What is CIBIL? Understand How It Works and Its Importance2024-01-31 | 6 min

home+loan Home Loan
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Why is the Interest Component Higher in the Initial EMIs of a Home Loan2025-03-07 | 6 min

loan+against+property Loan Against Property
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Choose the Right Lender for a Loan Against Property2024-12-23 | 3 min

home+loan Home Loan
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Pre-EMI or Full EMI: Understanding Home Loan Repayment Options2025-01-16 |

loan+against+property Loan Against Property
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Things You Need to Know Before Applying for a Loan Against Property2024-12-02 | 3 min

loan+against+property Loan Against Property
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Understanding All the Charges on Your Loan Against Property2024-12-27 | 2 min

loan+against+property Loan Against Property
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Short vs. Long Loan Against Property Tenure - Which Is Better?2024-05-07 | 4 min

home+loan Home Loan
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Factors to Consider Before Applying for a Home Construction Loan2022-12-02 | 5 min

home+loan Home Loan
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What Is Home Loan Eligibility and How Is It Calculated2024-07-11 | 6 min

cibil Cibil
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Everything You Should Know About Your CIBIL Score2024-02-09 | 7 min

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Role of Eligibility Calculator Before Availing a Home Loan2025-04-23 | 6 min

home+loan Home Loan
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Stamp Duty and Property Registration Charges in Kerala: A Comprehensive Guide2025-04-11 | 2 min

loan+against+property Loan Against Property
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How to Use Loan Against Property EMI Calculator2025-04-23 | 3 min

loan+against+property Loan Against Property
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Loan Against Property for Business: What You Should Know2025-04-22 | 3 min

loan+against+property Loan Against Property
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Can You Convert a Loan Against Property into a Home Loan? Here’s What You Need to Know2025-04-22 | 3 min

loan+against+property Loan Against Property
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Key Documents to Check for a Safe and Transparent Property Transaction2025-04-22 | 3 min

loan+against+property Loan Against Property
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What to Know Before Availing of a Loan Against Property2025-04-22 | 3 min

loan+against+property Loan Against Property
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What Happens When You Pay Off Your Mortgage?2025-04-22 | 2 min

loan+against+property Loan Against Property
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How to Pay MCD Property Tax in Delhi2025-04-21 | 3 min

loan+against+property Loan Against Property
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Tax Benefits on Mortgage Loans: What You Need to Know2025-04-21 | 3 min

home+loan Home Loan
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How to Apply for GPRA Accommodation via eSampada and eAwas2025-04-21 | 2 min

home+loan Home Loan
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Understanding the SVAMITVA Scheme: A New Era of Property Ownership in Rural India2025-04-21 | 3 min

loan+against+property Loan Against Property
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Why Property is More Than Just an Asset: 4 Ways It Can Power Your Finances2025-04-21 | 2 min

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Home Loan Insurance Benefits for New Home Buyers2025-04-21 | 6 min

home+loan Home Loan
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MPIGR Madhya Pradesh: A Guide to Property Registration and SAMPADA Services2025-04-14 | 2 min

home+loan Home Loan
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Consider These Factors Before Foreclosing Your Home Loan2024-04-16 | 3 min

home+loan Home Loan
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Smart Things to Consider Before You Apply for a Home Loan2022-12-14 | 5 min

tax Tax
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How Much Tax Can be Saved Under Sections 80C, 80D, and 80G?2024-05-15 | 5 min

tax Tax
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Tax Benefits on Home Loans for Self-Employed Individuals: What You Need to Know2024-06-07 | 4 min

cibil Cibil
[N][T][T][N][T]
How to Increase Your CIBIL Score Above 800: 7 Proven Methods2023-01-24 | 4 min

home+loan Home Loan
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10 Smart Steps for Effective Home Loan Management2024-02-16 | 5 min

home+loan Home Loan
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Should You Take a Home Loan Even If You Have Enough Money to Buy a House?2024-01-30 | 3 min

home+loan Home Loan
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Section 80EE: Claim Deductions on the Home Loan Interest Paid2024-04-25 | 6 min

cibil Cibil
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How can I Remove Loan Inquiry from CIBIL Credit Report2024-01-22 | 5 min

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Tips to Manage Loan Against Property Repayments Efficiently2024-02-21 | 3 min

home+loan Home Loan
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Differences Between Fixed and Floating Interest Rates2024-05-15 | 2 min

home+loan Home Loan
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What Do You Need to Know About Home Loan Foreclosure?2023-03-23 | 5 min

home+loan Home Loan
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Monthly Reducing Balance Method for Home Loan Interest2025-02-25 | 3 min

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Everything You Need to Know About Home Loan Part-Prepayment2024-12-18 | 5 min

home+loan Home Loan
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What is the Ideal Age to Buy a House?2025-03-19 | 2 min

home+loan Home Loan
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Check Housing Loan Eligibility with Home Loan Eligibility Calculator2023-07-12 | 5 min

home+loan Home Loan
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Everything You Need to Know About Top-up Loans on a Home Loan2024-04-09 | 6 min

home+loan Home Loan
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Get a Home Loan Without Visiting Branch: A Step-by-Step Guide2024-03-20 | 4 min

cibil Cibil
[N][T][T][N][T]
Impact of Late Payment on CIBIL Score?2024-03-08 | 6 min

home+loan Home Loan
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Home Loan Balance Transfer: Benefits, Eligibility, and More2024-05-15 | 3 Min

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7 Benefits of Taking a Home Loan in India2024-06-19 | 3 min

home+loan Home Loan
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An Essential Guide to Refinancing a Home Loan2024-04-22 | 5 Min

cibil Cibil
[N][T][T][N][T]
What Factors Do Not Affect Credit Scores?2024-02-28 | 7 min

home+loan Home Loan
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Tips to Secure Quick Home Loan Approval2025-03-03 | 2 min

loan+against+property Loan Against Property
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Loan Against Residential Property: A Smart Financing Solution2025-03-10 | 3 min

loan+against+property Loan Against Property
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Loan Against Agricultural Land: Unlock the Value of Your Property2025-03-07 | 6 min

cibil Cibil
[N][T][T][N][T]
Know How Mortgage Loan Affect Your CIBIL Score2024-02-05 | 5 Min

loan+against+property Loan Against Property
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Understanding the Fees and Charges on Your Loan Against Property2024-04-10 | 6 min

cibil Cibil
[N][T][T][N][T]
What are the Types CIBIL Errors & How to Correct Them?2023-11-22 | 6 min

home+loan Home Loan
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Home Loans for Salaried Employees: Eligibility, Documents, and Application Process2025-03-18 | 3 min

loan+against+property Loan Against Property
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Property Mortgage Loan: A Smart Financing Option for Businesses