How is home loan EMI calculated?

Home loan EMI is calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is primary loan amount, R is monthly interest rate (annual rate divided by 12 and 100), and N is the total tenure in terms of months.

What is the difference between Old and New tax regimes for FY 2025-26?

For Financial Year 2025-26 (Assessment Year 2026-27), the New Tax Regime is the default and has lower tax rates but does not allow major deductions (like HRA, 80C, or 80D). The Old Tax regime provides higher tax slab rates but allows standard deductions like Section 80C (up to 1.5L), Section 80D, and Home Loan interest payments.

Can I save tax via home loan payments?

Yes! Under the Old Tax Regime, you can claim a deduction of up to ₹2,00,000 on home loan interest paid (Section 24b) for a self-occupied property, and up to ₹1,50,000 on the principal amount repaid (under Section 80C).

How does SIP compound interest growth work?

SIP (Systematic Investment Plan) allows you to invest small sums regularly in mutual funds, which benefit from rupee-cost averaging and compounding. Over longer investment periods, compounding significantly accelerates growth on cumulative contributions.

EMI Calculator, ITR Utility, India Tax Calculator FY 2025-26 (AY 2026-27) & SIP Compound Lab

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