how much income tax do I need to show and pay for a Housing Loan of 22 Lacs ..?

Hello Pankaj,

I am a Professional getting 50,000 wired as a Consultant. I dont have any deductions. And want to apply for a Housing Loan of 22 - 23 lacs.

Kindly, let me kow how much income tax do I need to show and pay for a Housing Loan of 22 Lacs ..?

Imran..

asked Mar 10 '12 at 02:57 by imran 111


As such there is no minimum income tax payment eligibility criteria for home loan approvals.

What they consider is your in in-hand monthly income and existing liabilities (loan etc). They would need income tax return, form-16, bank statement and salary/payment slips for income proof.

answered Mar 10 '12 at 11:05 by Pankaj Batra 5.2k320

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Asked: Mar 10 '12 at 02:57

Seen: 1,109 times

Last updated: Mar 10 '12 at 11:05