J
Jaswinder Kaur
posted on 11 MayTax benefits don't justify bigger EMIs.
Since January I've been shortlisting flats in this city, honestly fed up of renting. My landlord just hiked rent again. I'm finally taking the plunge, but confused about tax benefits. Should I push for a 3BHK in Vaishali, around ₹1.1Cr, for max HRA/interest deductions? Or stick to a 2BHK in Siddhartha Vihar, maybe ₹70L, lower EMI, less tax impact but faster repayment? Is the extra tax saving from a bigger loan actually worth the higher EMI burden? What are people actually doing for tax savings beyond 80C and 24?
#tax-benefits#emi#2bhk#3bhk#first-time-buyer
Comments
Yaar, this is my exact dilemma! Tax benefits vs. EMI is a huge mind game. Vaishali rates are crazy, but Siddhartha Vihar sounds like a good budget option. Kya karein samajh nahi aa raha.
Same pinch! Mera bhi yahi haal hai. Rent badhte hi jaa raha hai, so buying seems like the only way out but this EMI vs tax thing is giving me sleepless nights.