Ravi group highlighting tax benefits on Home Loan

While taking the home loan, the benefits of tax on the same, are important to be considered thoroughly. Real estate developers always thrive to make this information available for the interested property buyers and investors for their convenience.

Ravi Group is throwing some light over the matter of tax benefits to not grab the opportunity, rather take a wise and thoughtful decision. The Ravi Developers has brought section 24 of the Income Tax to the limelight to authenticate the information provided by the leading real estate developer in Mumbai.

Ravi group tells that interest paid on the borrowed capital for investment purposes like acquisition, construction, repair, renewal or rejuvenation of property, they all are at liberty for certain deductions. It simply means that you can deduct an amount which is equal to your total payable interest on house loan from your income within same financial year, on which tax is liable.

The Ravi group explained the same with the help of an example from daily life situation:

Suppose the assesses belongs to an annual taxable income of Rs 4 lakh, which is the highest tax bracket. If interest payment amounts up to Rs 1.60 lakh during the first financial year, then taxable income will reduce up to Rs 2.5 lakh. Here total tax amounts up to Rs 49,980, including surcharge. You will be saving the tax of Rs 45,900, because of the tax rate of 30% on Rs 1.5 lakh, adding 2% surcharge because investor comes under highest tax bracket.

With a vast experience of more than 2 decades, Ravi Developers Mumbai is a land designer who has covered 10 million square feet land area till date and satisfied up to 20,000 families by catering their housing needs.

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  • Sachin Verma

    I recently shifted to Mumbai in search of some good job opportunities. Being new to the place I didn’t have much idea about the ideal residential locations and realty developers. Finding an ideal residential home for me and my family seemed like a challenging task. I got to know about ravi developers and their projects through the internet. The project Gaurav Excellency seemed to be the best option to me. On visiting the project location I was extremely happy to find all the premium world-class amenities and facilities under one roof. I finally booked a 1 bhk apartment in this project.

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  • Gautam

    Its really a exciting news for me as I was going to invest in property borrowing some huge amount but due to some high interest charged by the bankers for getting a home loan I didn’t think it necessarily to imply. But now I am thinking to contact Ravi developer for the concerning topic.

  • Nitin chauhan

    Really they have reduced my stress over paying hike tax over loan as of now we are left with many more options if in case we cant afford to pay interest alternatively we would be capable to deduct amount through likely with the equal amount of mortgage.

  • varun

    Thanks Ravi Developer for providing such valuable information. It might be proven so helpful for me while acquiring loan to build a home in future. I would surely like to go ahead with you.

  • Jihand

    If you are thinking about buying a house or want to understand the tax implications of a home purchase then I think this information will help you to consider the measures of taking a home loan, this way can mitigate your apprehensiveness.

  • sarfaraj

    Nice article!!! This will help people definitely in many ways of ordering their dishes in sort of something which they really want to eat.

  • vijay kumar

    Thank you so much. Many doubts got cleared in just one blog.very informative..

  • aman bhatia

    Hi, can anyone tell me about section 24?

  • Manas

    This article is very informative it has given lots of information about tax benefits on Home Loans.

  • saleem akhtar

    Ya sure Mr aman bhatia , tax benefit on home loan for payment of interest is allowed as deduction under section 24. As per section 24, the income from house, shall be reduced by the amount of interest paid on home loan. For more information you can contact ravi group or banks.

  • tarun

    It is really important that while taking a home loan we should be aware of tax benefits. Through this article Ravi Group has helpied us a lot in knowing that.

  • Omesh

    They have told us that if interest paid on the borrowed capital for investment purposes, they all are at liberty for certain deductions.

  • Maanav

    Ravi Developers are working from the past 2 decades and making Mumbai a land of designer buildings. They have covered 10 million square land area till date and they also have a huge number of satisfied customers.

  • narayan

    Nice article as talks about section 24 of income tax.It also talks about the interest paid on the borrowed capital for investment purposes like acquisition, construction, repair, renewal or rejuvenation of property.

  • Nakul

    Ravi developers are the most reliable developers you can trust as for them customer satisfication is the biggest thing unlike other developers.

  • anugya

    I like the interior of all the apartments of Ravi Group which made by keeping choice of modern people. Also it will improve the quality of the apartment and worthyness as well.

  • Nandish

    Ravi Developers are working from the past 2 decades and making Mumbai a land of designer buildings. They have covered 10 million square land area till date and they also have a huge number of satisfied customers.

  • rohan

    I had a great experience with ravi developers as they are the best and most trustful.The benefits that are provided by Ravi devlopers are amazing.

  • Parav

    The way they have tought us about the tax benefits of home loan it shows that Ravi Developers think about all those people who is thinking about the home loan. This article will surely help them a lot.

  • puneet

    I am really happy to know this information that interest paid on the borrowed capital for investment purpose of property…these all are liberty for certain deductions. Thanks to Ravi Developers.

  • Malay

    I am really happy to know this information that interest paid on the borrowed capital for investment purpose of property…these all are liberty for certain deductions. Thanks to Ravi Developers.

  • amit kushwah

    Nice and informative article.It talks about the fact that ravi developers talks about the tax benefits as well as the interest paid on borrowed capital.

  • vikrant sharma

    This article has rightly expalined the concept of home loan through wonderful example to the people and also made them aware of home loan.

  • akshay kumar

    Ravi group is really a reliable group in the field of Real estate.Be it services,facilities or customer satisfication they provide all these.I and my husband invested in Gaurav woods 2 and we got a lovely home for the amount of money we paid.The way the house was designed was really worth praising.