Neha Kumari, a 34-year-old HR professional in Hyderabad, booked a ₹1 crore apartment with a 25% down payment and took a home loan for the remaining amount. While the EMI fits within her monthly budget, it leaves limited room for discretionary spending. She has maintained a small emergency fund and plans to restart her systematic […]
Rohit Nag, 34, based in Kolkata, has a home loan of ₹40 lakh. As the financial year-end approached, he wanted to maximise his tax benefits under Sections 80C and 24(b). He made a partial prepayment of ₹2 lakh, calculated to fully utilise the remaining interest deduction under Section 24(b), allowing him to claim the maximum […]