| 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. 1.5 Lacs p.a. and tax rebate on principal repayment upto Rs.1 Lacs p.a. |
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| Your tax saving depends on loan amount, loan tenure, rate of interest, reducing balance frequecy and your marginal tax bracket. |
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