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Tax Saving

This tool calculates the tax savings from loan taken for buying newly constructed house.
In case you're buying a newly constructed house taking a home loan: you'll get tax exemptions on interest payment upto Rs. 1 lacs p.a. and tax rebate on principal repayment upto Rs. 20,000 p.a.
Your tax saving depends on loan amount, loan tenure, rate of interest, reducing balance frequecy and your marginal tax bracket.
Input
Loan amount()
I started repaying loan in  
Loan tenure years
Rate of interest % p.a.
Rest
Marginal Tax Rate %
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