Tax Savings Calculator

This calculator helps you determine the annual tax savings when you take a Home loan. The current tax incentive levels are shown below by default. You can expect these levels to increase in the future. You can estimate your future tax savings by changing the level of tax breaks. Try to optimise these tax savings as you are locked into the loan for the next 15-20 years.

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Loan Amount :(Rs.)

Processing Fee : %

Administration Fee : %

Loan Period(Yrs) :

Interest rate : %     Rest

Loan To Start From : / /
  Date    /           Month              /      Year

Max. Interest Tax break level (Rs.):

Max Principal Tax break level (Rs.):

Your Taxable Annual Income (Rs.) :

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)

Loan Amount :(Rs.)
Processing Fee :	%
Administration Fee :	%
Loan Period(Yrs) :
Interest rate :	% Rest
Loan To Start From :	/ / Date / Month / Year
Max. Interest Tax break level (Rs.):
Max Principal Tax break level (Rs.):
Your Taxable Annual Income (Rs.) :
Category : (Tax filed as :)