Smart Guide

Item Tax Details Slab Rate No tax for Income upto Rs. 2,50,000 INR- 5% of income has to be paid as tax if income is 2,50,001 to 5,00,000 INR 20 % of income has to be paid as tax if the income Rs. 5,00,001 to 10,00,000 INR Income above Rs. 10,00,000 -       Tax @ 30% For senior citizens Age > 60 to 80 years no tax upto 3,00,000 And above 80 years, no tax upto 5,00,000) Additional Fee (Surcharge) on income exceeding . 50 Lakh INR to 1 Crore for individual, HUF (Hindu Undivided Family) , AOP (Association of Persons) , BOI (Body of Individuals), Article Juridical person 10% on tax Additional Fee (Surcharge) on income exceeding Rs. 1 Crore for individual, HUF (Hindu Undivided Family) , AOP (Association of Persons) , BOI (Body of Individuals), Article Juridical person 15% on tax Tax Rebate (Refund if paid as excess) in case of Resident Individual Tax rebate 2,500 INR if in

What is the process of applying for a Home Loan in India? Approach your desired bank branch Manager and Submit your loan application along with required set of documents. Your application would be accessed on the basis of various eligibility and funding norms. A property valuation and title check may be carried out by the company representative to determine the property value and legal clearance of the property to arrive at the loan amount. Based on the internal and regulatory guidelines, the bank may approve or reject the home loan application. Submission of the original property documents are required along with signing of agreements, handing over of registered property papers and submission of post-dated cheques/ECS. Upon finding all the documents in order,Home Loan will be disbursed the loan amount to the developer/contractor based on the progress of construction. The EMI/Pre-EMI will commence after the disbursement. Am I eligible for a Home Loan? You are elig

Step1 : Approach your nearest Indian Bank Branch and Submit your loan application along with required set of documents to the Bank Manager. Step2 : Your application would be accessed on the basis of various eligibility and funding norms. Step3 : A property valuation and title check may be carried out by the company representative to determine the property value and legal clearance of the property to arrive at the loan amount. Step4: Based on the internal and regulatory guidelines, Indian Bank Home Loan may approve or reject the loan application. Step5 : Submission of the original property documents are required along with signing of agreements, handing over of registered property papers and submission of post-dated cheques/ECS. Step6 : Upon finding all the documents in order, India Bank Home Loan will disburse the loan amount to the developer/contractor based on the progress of construction. The EMI/Pre-EMI will commence after the disbursement.