Monday, March 15, 2010

EMI Calculator with yearwise projections of interest / principle components

I have updated the previous version with some additional options.

With this version, you can see the projection of interest component or the principle component year over year for the entire duration of the Loan. This data is available both as a table and as a graph.

What is better, just enter the loan starting date and the complete info available for you to analyze further. This is specifically made for planning your tax exemptions for the duration of the loan.

you can download the file from the below link...

Friday, February 26, 2010

New Tax Proposal in the Union Budget - Feb, 2010

The Budget has proposed a new tax Slab. Taxes will be slashed again

on income up to Rs 1.6 lakh, Tax would be nil,
above Rs 1.6 lakh upto Rs 5 lakh, Tax would be 10%,
above Rs 5 lakh upto 8 lakh, Tax would be 20% and
above Rs 8 lakh, Tax would be 30%.

Also, over and above the existing Rs 1 lakh deduction on tax savings, an additional deduction of Rs 20% for investment in long-term infrastructure bonds would be allowed.