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₹75 Lakh Home Loan EMI for 20 Years at 8.5% Interest: Monthly Repayment, Total Interest and Eligibility Explained
Key Points A ₹75 Lakh home loan at an 8.5% interest rate for a 20-year tenure requires an Equated Monthly Installment (EMI) of approximately ₹65,087. Over the full 20-ye…
Standard Deduction for Salaried Employees: ₹75,000 New Regime Rules, Eligibility and Tax Impact Explained
Key Points The standard deduction for salaried employees and pensioners under the New Tax Regime is enhanced to ₹75,000 (under Section 16(ia)), while remaining at ₹50,00…
SIP vs. Lump Sum Investment: Which Generates Higher Wealth in Indian Mutual Funds?
Key Points In a consistently rising market, a Lump Sum investment outperforms a Systematic Investment Plan (SIP) because 100% of the capital compounds for the full inves…