Yadnya Investment Academy
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3 selected videos
SIP Vs Home Loan EMI | Should I prepay my Home Loan | Investment Tips by Yadnya
Generally when we take home loan, we take into account our current income and accordingly apply and get the loan. However with income going up or second income adding in, we generally accumulate some surplus and face the dilemma that what to do with the surplus funds - Should I prepay the home loan or should I invest the money somewhere? In India, average duration of home loan is 8 years which means most of us do prepayment of the loan. Are we taking the right decision?
This video provides the...
Related topics : emi home loan
Decoding Tax Benefit on Home Loan (Section 24, 80EE & 80C) | Tax Saving Tips by Yadnya
Decoding Tax Benefit on Home Loan (Section 24, 80EE & 80C) | Tax Saving Tips by Yadnya
Buying your first house on a loan comes with multiple tax benefits. These deductions not only reduce your tax outgo but also help in managing your cash flows better.
To explain the Tax Benefit on Home Loan, we would be dividing the Repayment of Home Loan into 2 components:-
· Repayment of the Principal Amount
· Repayment of the Interest on Home Loan
As the repayment comprises of 2...
Related topics : home loan interest
All about Section 80E | Income Tax deduction on Education Loan
An education loan can not only fund your higher studies but also help save tax. The interest paid on the education loan can be claimed as deduction, as per Section 80E of the Income Tax Act, 1961. For all the details about the Education Loan deduction, please watch the video.
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Related topics : education loan interest deduction
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