Surender Kumar pays almost 10% of his income in tax. Although he has a taxfriendly pay structure, Taxspanner estimates that the Delhi-based manager can cut his tax by nearly Rs 82,000 if he utilises the tax benefit offered on his home loan and puts more into the NPS.
Kumar has just got possession of his flat in Greater Noida, but he will continue to stay in a rented house in Delhi. If the new flat is given out on rent, Kumar can claim tax benefits on the home loan.
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