Tax Planning Tool

| Loan Process | Help |          

This section allows you to compare the total cost of the loan on a POST TAX basis. The Total Cost of the loan includes processing fee , administration fee and other startup charges. By comparing the Post Tax Effective Interest Rate ( PTEIR ) for each company you can find the cheapest loan for you.However, to determine whether you satisfy all other conditions for loan eligibility with the companies of your choice, please use the Cheapest Loan Module. You can also create different Tax Policy Scenario's (the Current scenario is indicated below by default). As Tax Savings in the future are expected to increase as the Policy gets more liberal, you maybe be better of taking a HIGHER loan amount today.

Click here
Purpose of the Loan   :
Type of Loan :
Loan Amount :
Loan Period(Yrs) :
Loan To Start From :  /   / 
    Date     /         Month                /      Year
Max. Interest Tax break level :
Max Principal Tax break level :
Your Taxable Annual Income (Rs.) :
Nationality :
Category :  (Tax filed as :)
 
Instructions :
1) Don't use Commas while entering numbers
2) The loan period cannot be a fraction of a year (eg. a loan request for 6.7 years will be rounded off to 7 years)