Remember, not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly impacting your take-home salary and tax outgo. According to chartered accountant Vijaykumar Puri, partner at VPRP & Co. Llp, the first critical step is understanding your salary structure. “The key is ensuring all allowances are properly structured … Read more
A credit score is an important indicator of your creditworthiness and loan repayment capacity. It also plays a crucial role in determining your home loan eligibility and the interest rates applicable to it Banks and financial institutions increasingly rely on an individual’s creditworthiness, repayment capacity, and financial integrity to mitigate the risks of defaults or … Read more
Due to the wave of global inflation, interest rates have remained relatively high, along with a significant increase in living costs over the past few years. This has prompted Indian homeowners to reconsider their long-term financial commitments. One powerful way to take control of your financial health and significantly reduce your overall debt burden is … Read more
It is not easy to choose between a fixed and floating interest rate for your home loan in India, given the pros and cons of both. Below is a detailed guide that will help you make a decision on what type of interest rate will be most suitable for you as per your needs, goals … Read more