1. Think before opting for an EPF
When an employee provident fund has to pay about 60% tax on the portion of the amount and free tax will be rest of 40%. EPF is compulsory in which similar to a new pension scheme.
2. Your builder has delayed and don’t worry for tax exemption
In most of the home buyer make payments to the builder, but not to get possession within a three year period. They entitled to get tax deduction only Rs.30,000 and the finance minister has raised to limit up to 5 years. The government has realized more than 80% housing projects are delayed and the buyer cannot able to avail the tax exemption on a home loan interest.
3. The new buyer gets extra tax benefit
You borrow Rs. 35 lakh to residential property value is below Rs. 50 lakh and to get extra tax exemption on a loan interest portion. The loan will be sanctioned and the additional benefit can exist the exemption of 2 lakh in a year.