Tips to Keep away from Retired Life Financial Disaster > 자유게시판

A Ok Babu (fifty two years) is a Senior Government ('C' Level) in a world Firm. Mrs Babu (forty eight years) can also be employed in a smaller firm as a GM. Their revenue per month is Rs 3,50,000 and Rs 60,000 respectively. They are residing in Mumbai and pay a rent of Rs 50,000 per thirty days. They've a housing mortgage for Rs 5 million (Rs 50 lakh) for which they're paying Rs 60,000 as EMI month-to-month. The present price of curiosity defined is 15.5% and the curiosity is labored out on the excellent balance as on the final day of the month. Rajesh requested, I am salaried particular person. The home where I stay is in joint identify (Me and my mother being the co-house owners). My Mothers share was being organized by sale of our old residence and my share by taking a mortgage. I declare deduction below part 80C (Principal) and Sec 24 for curiosity on the loan i took. Now, since I'm solely 50% owner, can i also declare HRA since relaxation 50% belongs to my mother and can i pay rent to her? Mahesh Padmanabhan answers, The point to be noted right here is that you just already own a home and accordingly you wouldn't be eligible to avail of rental deduction from your wage.


The FM modified the slabs reducing the rate to 10 per cent for earnings up to Rs 500,000. The tax concession the FM mentioned will give more cash within the hands of the folks. However raising the duties on petro products will automatically hike the price of petrol and diesel, which will not only damage vehicle owners, but costs throughout can even rise. The scale of the fund might range, depending on whether the household has one or two earning members. This fund, which could usually be equal to a few - six months of family expenses, including equated monthly instalments (EMIs), insurance premiums and children’s faculty payment, may must be enhanced to 12 months in an unsure atmosphere. Younger graduates need to keep away from a few errors at this stage. Radhika Gupta, chief executive officer, Edelweiss Asset Management. These just beginning their careers must also keep away from adding to their liabilities, particularly in the event that they have already got an schooling loan. They need to suppose hard before taking a automotive or residence mortgage. Before you begin to invest, build an emergency corpus. This is especially necessary for people with an schooling mortgage.


Money cost made doesn't qualify for deduction. Vikas Gandhi solutions, There is no such thing as a limit on the number of home loans that a person can avail. For the revenue tax goal, what matters is the quantity of loan repaid in the course of the 12 months. Against one self occupied property, an individual can not declare deduction on account of interest for more than Rs.1,50,000/-, regardless of the variety of dwelling loans. High internet value individuals are buying property overseas Luxury Car for rent Dubai both investment purposes and personal consumption. As a substitute of shopping for a vacation residence in the hills or in Goa, celebrities or excessive net worth individuals are taking a look at higher options overseas. Low and reasonably priced prices: A premier property in an upcoming vacationer vacation spot for example might value you near the average value of buying a 3-BHK apartment in Gurgaon.