Welcome to Aggarwal Estates

A home loan helps you reduce your tax burden besides offering the pleasure of owning a house and living in it. Home is where the heart is, and in today's world, home is what takes up a good part of your income as well. Most people, young and old, have equated monthly installments to worry about, which makes home loans a subject of pressing concern.

Coming to the benefits, apart from the obvious one of having the pleasure of owning a house in due course of time, taking a home loan is a great way to reduce your tax burden. Resident Indians are eligible for tax benefits on principal and interest components of a loan under the Income Tax Act, 1961. The tax deduction can be claimed on interest payments subject to an upper limit of Rs 1, 50,000 for a financial year. Keep watching this space for more...