Select your email service
I am in need of home loan. Can anyone suggest how to escape from taxes
You can save a lot of taxes through Home Loan.
The Interest and Principal repaid by you on the Home Loan are both allowed to be claimed as a deduction. If you are in the 30% slab rate, you can easily save lakhs of Rs. every year in taxes through home loan.
Kindly refer this article - http://www.charteredclub.com/tax-benefit-on-home-loan/