Lic Housing Finance Home Loan Interest Rate Calculator

LIC Housing Finance Home Loan Interest Rate Calculator

Calculate your monthly EMIs, total interest, and repayment schedule with our precise LIC Housing Finance calculator.

Monthly EMI: ₹44,873
Total Interest: ₹3,076,102
Total Payment: ₹8,076,102
Processing Fee: ₹50,000
LIC Housing Finance home loan interest rate calculator showing EMI calculation interface

Module A: Introduction & Importance of LIC Housing Finance Home Loan Calculator

The LIC Housing Finance Home Loan Interest Rate Calculator is an essential financial tool designed to help prospective homebuyers and existing borrowers make informed decisions about their housing loans. This calculator provides precise estimates of your Equated Monthly Installments (EMIs), total interest payable, and overall loan repayment structure based on LIC Housing Finance’s current interest rates and loan terms.

Understanding your potential financial commitment before applying for a home loan is crucial for several reasons:

  • Budget Planning: Helps you determine how much you can afford to borrow based on your monthly income and expenses
  • Interest Rate Comparison: Allows you to compare LIC Housing Finance rates with other lenders to find the most cost-effective option
  • Loan Tenure Optimization: Shows how different loan tenures affect your total interest outgo and monthly payments
  • Financial Preparedness: Prepares you for additional costs like processing fees, insurance, and other charges
  • Negotiation Power: Equips you with data to negotiate better terms with the lender

According to the Reserve Bank of India, home loans constitute about 50% of all retail loans in India, making proper financial planning essential for millions of borrowers. LIC Housing Finance, being one of India’s most trusted housing finance companies with over 30 years of experience, offers competitive rates that our calculator helps you understand thoroughly.

Module B: How to Use This LIC Housing Finance Home Loan Calculator

Our calculator is designed for both first-time users and experienced borrowers. Follow these step-by-step instructions to get accurate results:

  1. Enter Loan Amount:
    • Input the principal amount you wish to borrow (minimum ₹1,00,000, maximum ₹10,00,00,000)
    • LIC Housing Finance typically finances up to 80-90% of the property value for salaried individuals and 70-80% for self-employed professionals
    • Use our slider or type directly in the input field for precise amounts
  2. Set Interest Rate:
    • Enter the current LIC Housing Finance interest rate (our calculator defaults to 8.5%, but check LICHF’s official site for latest rates)
    • Rates may vary based on:
      • Loan amount (higher loans often get better rates)
      • Borrower profile (salaried vs self-employed)
      • Property type (under-construction vs ready-to-move)
      • Women borrowers (often get 0.05% concession)
  3. Select Loan Tenure:
    • Choose from 5 to 30 years using our dropdown menu
    • Longer tenures reduce EMI but increase total interest paid
    • LIC Housing Finance offers maximum tenure of 30 years or up to age 70 (whichever is earlier)
  4. Add Processing Fee:
    • Typically 1% of loan amount (minimum ₹10,000, maximum ₹50,000)
    • This is a one-time fee payable at loan disbursement
  5. View Results:
    • Instantly see your:
      • Monthly EMI amount
      • Total interest payable over the loan term
      • Total payment (principal + interest)
      • Processing fee amount
    • Visualize your payment breakdown with our interactive chart
    • Use the “Amortization Schedule” button to see year-wise breakdown
  6. Advanced Features:
    • Compare different scenarios by adjusting any parameter
    • See how prepayments affect your loan with our prepayment calculator
    • Download or print your results for future reference

Pro Tip: For most accurate results, use the exact interest rate quoted in your LIC Housing Finance loan offer letter, as rates may vary based on your credit profile and loan amount.

Module C: Formula & Methodology Behind the Calculator

Our LIC Housing Finance Home Loan Calculator uses standard financial mathematics to compute EMIs and amortization schedules. Here’s the detailed methodology:

1. EMI Calculation Formula

The monthly EMI is calculated using the reducing balance method with this formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]

Where:
P = Principal loan amount
R = Monthly interest rate (annual rate divided by 12 and converted to decimal)
N = Total number of monthly installments (loan tenure in years × 12)

2. Amortization Schedule Generation

The amortization schedule shows how each EMI is split between principal and interest components over time:

  1. Opening Balance: Starts with the full loan amount
  2. Interest Component: Calculated as (Current Balance × Monthly Interest Rate)
  3. Principal Component: Calculated as (EMI – Interest Component)
  4. Closing Balance: Calculated as (Opening Balance – Principal Component)
  5. This process repeats each month until the loan is fully repaid

3. Total Interest Calculation

Total Interest = (EMI × Total Number of Payments) – Principal Amount

4. Processing Fee Calculation

Processing Fee = (Loan Amount × Processing Fee Percentage) with minimum and maximum caps as per LIC Housing Finance policy

5. Chart Visualization

Our interactive chart shows:

  • Principal vs Interest components over time
  • Cumulative payments year-by-year
  • How your loan balance decreases with each payment

6. Prepayment Impact Calculation (Advanced)

When you make prepayments:

  1. The prepayment amount is first used to cover any outstanding interest
  2. The remaining amount reduces the principal outstanding
  3. Future EMIs are recalculated based on:
    • Reduced principal
    • Remaining tenure
    • Same interest rate
  4. You can choose to either:
    • Reduce your EMI while keeping tenure same, or
    • Reduce your tenure while keeping EMI same

Module D: Real-World Case Studies with Specific Numbers

Let’s examine three realistic scenarios to understand how different parameters affect your home loan:

Case Study 1: First-Time Homebuyer (Salaried Professional)

  • Profile: 32-year-old IT professional in Bangalore
  • Property: 2BHK apartment in Whitefield (₹80,00,000)
  • Loan Details:
    • Loan Amount: ₹64,00,000 (80% of property value)
    • Interest Rate: 8.50% p.a.
    • Tenure: 20 years
    • Processing Fee: 1% (₹64,000)
  • Results:
    • Monthly EMI: ₹55,397
    • Total Interest: ₹64,95,280
    • Total Payment: ₹1,28,95,280
    • Interest:Principal Ratio: 1.01:1 (You pay slightly more in interest than principal)
  • Insights:
    • First 5 years: 78% of payments go toward interest
    • After 10 years: 50% of loan is repaid, but 65% of total interest is already paid
    • If rate increases by 0.5%, EMI jumps to ₹57,342 (+₹1,945/month)

Case Study 2: Self-Employed Business Owner (Higher Loan Amount)

  • Profile: 40-year-old chartered accountant in Mumbai
  • Property: Commercial space in Andheri (₹2,50,00,000)
  • Loan Details:
    • Loan Amount: ₹1,75,00,000 (70% of property value)
    • Interest Rate: 9.00% p.a. (higher for commercial property)
    • Tenure: 15 years
    • Processing Fee: 1% (₹1,75,000, capped at ₹50,000)
  • Results:
    • Monthly EMI: ₹1,75,647
    • Total Interest: ₹1,46,16,460
    • Total Payment: ₹3,21,16,460
    • Interest:Principal Ratio: 0.84:1
  • Insights:
    • Shorter tenure (15 vs 20 years) saves ₹38,45,000 in interest
    • But EMI is ₹45,000 higher than 20-year loan
    • Tax benefits under Section 24 (₹2,00,000/year) and Section 80C (₹1,50,000/year) can reduce effective cost

Case Study 3: Senior Citizen (Lower Tenure)

  • Profile: 58-year-old retired bank manager in Chennai
  • Property: Resale flat in Adyar (₹60,00,000)
  • Loan Details:
    • Loan Amount: ₹30,00,000 (50% of property value, lower LTV for seniors)
    • Interest Rate: 8.75% p.a.
    • Tenure: 10 years (max allowed up to age 70)
    • Processing Fee: 1% (₹30,000)
  • Results:
    • Monthly EMI: ₹37,256
    • Total Interest: ₹14,70,720
    • Total Payment: ₹44,70,720
    • Interest:Principal Ratio: 0.49:1
  • Insights:
    • Shorter tenure results in higher EMI but lower total interest
    • Interest component is only 33% of total payment (vs 50-60% for longer tenures)
    • Can be combined with reverse mortgage for additional liquidity
Comparison of LIC Housing Finance home loan interest rates across different borrower profiles and tenures

Module E: Data & Statistics – LIC Housing Finance in Numbers

Understanding market trends and comparative data helps borrowers make better decisions. Here are key statistics about LIC Housing Finance and the home loan market:

Comparison Table 1: LIC Housing Finance vs Other Major Lenders (2023)

Parameter LIC Housing Finance SBI HDFC Ltd ICICI Bank PNB Housing
Base Interest Rate (p.a.) 8.50% – 9.50% 8.60% – 9.60% 8.55% – 9.60% 8.65% – 9.70% 8.70% – 9.75%
Processing Fee Up to 1% (max ₹50,000) 0.35% (min ₹2,000, max ₹10,000) Up to 0.5% (min ₹3,000) Up to 1% (min ₹1,500) Up to 1% (max ₹10,000)
Max Loan Tenure (Years) 30 30 30 30 30
Max Loan-to-Value Ratio Up to 90% Up to 90% Up to 80% Up to 90% Up to 90%
Prepayment Charges Nil for floating rate Nil Nil for floating, 2% for fixed Nil for floating Up to 2%
Part Payment Allowed Yes (min ₹25,000) Yes (min ₹10,000) Yes (min ₹25,000) Yes (min ₹10,000) Yes (min ₹50,000)
Foreclosure Charges Nil after 6 months Nil Nil for floating Nil for floating Up to 2%
Customer Rating (Google) 4.2/5 4.1/5 4.3/5 4.0/5 3.9/5

Comparison Table 2: Impact of Interest Rate Changes on ₹50 Lakh Loan (20-Year Tenure)

Interest Rate (%) Monthly EMI Total Interest Total Payment Interest as % of Total EMI Increase from Base
8.00% ₹41,822 ₹48,37,280 ₹98,37,280 49.17% Base Rate
8.25% ₹42,631 ₹50,31,440 ₹1,00,31,440 50.16% +₹809 (1.93%)
8.50% ₹43,448 ₹52,27,520 ₹1,02,27,520 51.13% +₹1,626 (3.89%)
8.75% ₹44,271 ₹54,25,040 ₹1,04,25,040 52.04% +₹2,449 (5.85%)
9.00% ₹45,099 ₹56,23,760 ₹1,06,23,760 52.94% +₹3,277 (7.83%)
9.25% ₹45,933 ₹58,23,920 ₹1,08,23,920 53.81% +₹4,111 (9.83%)
9.50% ₹46,772 ₹60,25,280 ₹1,10,25,280 54.65% +₹4,950 (11.83%)

Source: Compiled from respective bank websites and RBI reports (2023). Note that actual rates may vary based on individual credit profiles and loan amounts.

Module F: Expert Tips for LIC Housing Finance Borrowers

Maximize your benefits and minimize costs with these professional insights:

Before Applying for the Loan

  1. Improve Your Credit Score:
    • Aim for CIBIL score above 750 for best rates
    • Check your credit report at CIBIL and dispute any errors
    • Pay off credit card balances (utilization < 30%)
    • Avoid multiple loan inquiries in short period
  2. Calculate Affordability:
    • Use the 40% rule: EMI should not exceed 40% of your net monthly income
    • Factor in other expenses (property tax, maintenance, insurance)
    • Use our calculator to test different scenarios
  3. Compare Multiple Offers:
    • Get loan sanction letters from 2-3 lenders
    • Compare not just interest rates but also:
      • Processing fees
      • Prepayment charges
      • Foreclosure terms
      • Customer service ratings
  4. Understand Loan Types:
    • Floating rate (recommended): Changes with market rates (currently ~8.5%)
    • Fixed rate: Higher initial rate (~9.5%) but stable payments
    • Hybrid: Fixed for initial period then floating
  5. Negotiate Better Terms:
    • Salaried employees of large companies can get 0.1-0.2% discount
    • Women borrowers often get 0.05% concession
    • Existing LIC policyholders may get preferential rates
    • Higher loan amounts (>₹50 lakhs) may qualify for better rates

During Loan Tenure

  1. Make Regular Prepayments:
    • Even small prepayments can save lakhs in interest
    • Example: ₹50,000 prepayment in 5th year of ₹50L loan saves ~₹1.2L in interest
    • Use bonuses, tax refunds, or windfalls for prepayments
  2. Opt for Shorter Tenure:
    • 15-year loan vs 20-year saves ~30% in total interest
    • But ensure EMI is comfortable (don’t exceed 40% of income)
  3. Leverage Tax Benefits:
    • Section 24: Up to ₹2,00,000 interest deduction per year
    • Section 80C: Up to ₹1,50,000 principal repayment deduction
    • Section 80EEA: Additional ₹1,50,000 for first-time buyers (for loans up to ₹45L)
  4. Monitor Rate Changes:
    • Floating rate loans: EMI changes when RBI changes repo rate
    • LIC Housing Finance typically adjusts rates quarterly
    • Consider switching to fixed rate if rates rise significantly
  5. Maintain Insurance:
    • Home loan insurance (like LIC’s Home Loan Protection Plan) covers EMI payments in case of death/disability
    • Property insurance protects against damage/theft

Before Loan Closure

  1. Get No-Dues Certificate:
    • Essential for property title transfer
    • Verify all charges are cleared
  2. Check Foreclosure Process:
    • LIC Housing Finance allows foreclosure after 6 months with nil charges for floating rate
    • Submit request 15-30 days in advance
  3. Update Credit Records:
    • Ensure lender reports loan closure to credit bureaus
    • Check your CIBIL report after 30 days to confirm
  4. Plan for Post-Loan Finances:
    • Redirect EMI amount to other investments
    • Consider reverse mortgage if you’re a senior citizen

Special Tips for Different Borrower Types

  • Salaried Professionals:
    • Use employer tie-ups for better rates
    • Submit Form 16 for quicker processing
  • Self-Employed:
    • Maintain 3 years ITR for higher loan eligibility
    • Show business stability and growth
  • NRIs:
    • Check FCNR/NRE account requirements
    • Power of Attorney may be needed for property documents
  • Senior Citizens:
    • Opt for shorter tenures to avoid age-related restrictions
    • Consider reverse mortgage for additional liquidity

Module G: Interactive FAQ – Your LIC Housing Finance Questions Answered

What is the current LIC Housing Finance home loan interest rate for 2024?

As of January 2024, LIC Housing Finance home loan interest rates range from 8.50% to 9.50% per annum for most borrowers. The exact rate depends on:

  • Loan amount (higher loans often get better rates)
  • Borrower profile (salaried vs self-employed)
  • Property type (residential vs commercial)
  • Credit score (750+ gets best rates)
  • Women borrowers may get a 0.05% concession

For the most current rates, check the official LIC Housing Finance website or contact their customer care at 1800-258-5678.

Our calculator defaults to 8.50%, but you should input the exact rate quoted in your loan offer letter for precise calculations.

How does LIC Housing Finance calculate the EMI for home loans?

LIC Housing Finance uses the reducing balance method to calculate EMIs, where interest is calculated only on the outstanding principal amount. The formula used is:

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]

Where:
P = Principal loan amount
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Total number of monthly installments

For example, for a ₹50,00,000 loan at 8.5% for 20 years (240 months):

  • P = 50,00,000
  • R = 8.5/12/100 = 0.007083
  • N = 240
  • EMI = ₹43,448

Our calculator uses this exact formula to match LIC Housing Finance’s calculations. The amortization schedule shows how each EMI is split between principal and interest, with the interest portion decreasing and principal portion increasing over time.

What documents are required for LIC Housing Finance home loan?

LIC Housing Finance requires different documents for salaried and self-employed applicants. Here’s the complete checklist:

For Salaried Individuals:

  • Identity Proof: Aadhaar, PAN, Passport, Voter ID, or Driving License
  • Address Proof: Aadhaar, Passport, Utility Bill, or Ration Card
  • Income Proof:
    • Last 3 months salary slips
    • Form 16 for last 2 years
    • Last 6 months bank statements (salary account)
  • Employment Proof: Employment certificate or appointment letter
  • Property Documents:
    • Sale agreement
    • Property registration documents
    • Approved building plan (for under-construction)
    • Occupancy certificate (for ready properties)
  • Photographs: Passport size photographs (4-6)

For Self-Employed Individuals:

  • All identity/address proofs as above
  • Income Proof:
    • Last 3 years ITR with computation of income
    • Last 3 years audited balance sheets and P&L statements
    • Last 6 months bank statements (business and personal)
  • Business Proof:
    • Business registration certificate
    • GST registration
    • Shop & Establishment certificate
  • Property documents as above

Additional Documents (if applicable):

  • For NRI applicants: Passport, visa, work permit, NRE/NRO account statements
  • For joint applicants: All documents for both applicants
  • For balance transfer: Existing loan statement and sanction letter

Pro Tip: Organize documents in this order to speed up processing. LIC Housing Finance typically takes 7-15 days for approval after document submission.

Can I prepay my LIC Housing Finance home loan? What are the charges?

Yes, LIC Housing Finance allows prepayments on home loans, but the charges depend on your loan type:

For Floating Rate Loans:

  • No charges for partial or full prepayment
  • Minimum prepayment amount: ₹25,000
  • Can be done any time after 6 months from loan disbursement
  • No limit on number of prepayments

For Fixed Rate Loans:

  • Prepayment charges: Up to 2% of the prepayment amount
  • Minimum prepayment amount: ₹25,000
  • Charges may be waived after 3-5 years (check your loan agreement)

Prepayment Process:

  1. Submit a prepayment request at your nearest LIC Housing Finance branch
  2. Provide a cheque/DD for the prepayment amount
  3. Get an acknowledgment receipt
  4. Updated amortization schedule will be provided within 7 working days

Prepayment Strategies:

  • Early Prepayments: Save maximum interest (e.g., ₹1L prepayment in year 1 saves ~₹3L over 20 years)
  • Regular Small Prepayments: Even ₹5,000-₹10,000 annually can reduce tenure significantly
  • Windfall Prepayments: Use bonuses, tax refunds, or inheritance money
  • Tenure Reduction vs EMI Reduction: Choose based on your financial goals

Use our calculator’s prepayment feature to see exactly how much you’ll save with different prepayment amounts and timings.

What is the difference between fixed and floating interest rates in LIC Housing Finance?
Feature Fixed Rate Loan Floating Rate Loan
Interest Rate Remains constant throughout loan tenure Changes with market conditions (linked to RLLR)
Current Rate (2024) 9.00% – 10.00% 8.50% – 9.50%
EMI Stability Fixed EMI amount throughout tenure EMI changes when rates are reset (typically quarterly)
Rate Reset Frequency Not applicable Quarterly (linked to RLLR)
Prepayment Charges Up to 2% of prepayment amount Nil charges
Foreclosure Charges Up to 2% of outstanding amount Nil after 6 months
Initial Cost Higher EMI initially (0.5-1% higher than floating) Lower initial EMI
Risk Factor No risk of rate increases, but no benefit if rates fall Benefit if rates fall, but EMI increases if rates rise
Best For Borrowers who:
  • Prefer predictable EMIs
  • Expect interest rates to rise
  • Have stable income
  • Want to avoid rate fluctuation stress
 Borrowers who:
  • Can handle EMI fluctuations
  • Expect interest rates to fall
  • Want lower initial EMIs
  • Plan to prepay/foreclose
Conversion Option Can convert to floating rate (charges may apply) Can convert to fixed rate (charges may apply)

Expert Recommendation: According to a RBI study, over 85% of Indian borrowers choose floating rate loans due to their lower initial rates and flexibility. However, fixed rate loans provide peace of mind during rising interest rate cycles.

Use our calculator to compare both options with your specific loan amount and tenure. For a ₹50 lakh loan over 20 years:

  • Floating at 8.5%: EMI ₹43,448 | Total Interest ₹54,27,520
  • Fixed at 9.5%: EMI ₹46,772 | Total Interest ₹62,25,280
  • Difference: ₹3,324 higher EMI but ₹7,97,760 more in total interest
How does LIC Housing Finance determine my home loan eligibility?

LIC Housing Finance uses several factors to determine your home loan eligibility. Here’s their detailed evaluation process:

1. Income Assessment (Most Critical Factor)

  • For Salaried:
    • Minimum net monthly income: ₹25,000
    • Eligibility: Up to 60x net monthly income
    • Example: ₹50,000 salary → ₹30 lakh loan eligibility
  • For Self-Employed:
    • Minimum annual income: ₹3,00,000
    • Eligibility: Up to 5x average annual income
    • Example: ₹6 lakh annual income → ₹30 lakh loan

2. Age Criteria

  • Minimum age: 21 years at loan application
  • Maximum age: 70 years at loan maturity
  • Maximum tenure: 30 years or up to age 70, whichever is earlier

3. Credit Score Requirements

  • Minimum CIBIL score: 650 (but 750+ gets best rates)
  • Check your score at CIBIL
  • Factors affecting score:
    • Payment history (35% weight)
    • Credit utilization (30%)
    • Credit history length (15%)
    • Credit mix (10%)
    • New credit (10%)

4. Property Evaluation

  • Loan-to-Value (LTV) ratios:
    • Up to ₹30 lakhs: 90% LTV
    • ₹30-75 lakhs: 80% LTV
    • Above ₹75 lakhs: 75% LTV
  • Property types accepted:
    • Residential flats/houses
    • Under-construction properties (from approved builders)
    • Resale properties (with clear title)
    • Plot + construction loans
  • Property age: Preferably < 20 years

5. Existing Obligations

  • FOIR (Fixed Obligation to Income Ratio) should be ≤ 50%
  • FOIR = (Proposed EMI + Existing EMIs) / Net Monthly Income
  • Example: ₹50,000 income, ₹10,000 existing EMI → Max new EMI ₹15,000

6. Employment Stability

  • Salaried: Minimum 2 years in current job, 1 year with current employer
  • Self-employed: Minimum 3 years in business
  • Job stability in same industry preferred

7. Co-Applicant Benefits

  • Adding a co-applicant (spouse/parent) can increase eligibility
  • Combined income is considered for loan amount
  • Women co-applicants may get 0.05% rate concession

Pro Tip: Use our calculator’s eligibility checker by inputting your income and expenses. For example, a 30-year-old with ₹60,000 monthly income and ₹10,000 existing EMI can typically get a ₹35-40 lakh loan from LIC Housing Finance.

What are the tax benefits available on LIC Housing Finance home loans?

LIC Housing Finance home loans qualify for significant tax benefits under the Income Tax Act, 1961. Here’s a detailed breakdown:

1. Section 24(b) – Interest Deduction

  • Maximum Deduction: ₹2,00,000 per financial year
  • Eligibility:
    • For self-occupied property
    • Construction must be completed within 5 years from loan sanction
  • For Let-Out Property: Entire interest is deductible (no ₹2L limit)
  • Pre-Construction Interest:
    • Can be claimed in 5 equal installments after possession
    • Starts from the year of completion

2. Section 80C – Principal Repayment

  • Maximum Deduction: ₹1,50,000 per financial year
  • Conditions:
    • Property should not be sold within 5 years
    • Deduction available only after construction completion
  • Includes:
    • Principal repayment
    • Stamp duty and registration charges

3. Section 80EEA – Additional Deduction for First-Time Buyers

  • Maximum Deduction: ₹1,50,000 (over and above Section 24)
  • Eligibility:
    • First-time homebuyers
    • Loan sanctioned between 01/04/2019 to 31/03/2022
    • Property value ≤ ₹45 lakhs
    • Loan amount ≤ ₹35 lakhs
  • Note: This was extended to 31/03/2022, check for current year extensions

4. Section 80EE – For Affordable Housing

  • Maximum Deduction: ₹50,000
  • Eligibility:
    • First-time buyers
    • Loan amount ≤ ₹35 lakhs
    • Property value ≤ ₹50 lakhs
    • Loan sanctioned between 01/04/2016 to 31/03/2017

5. Tax Benefits for Joint Loans

  • Each co-owner can claim deductions separately
  • Example: For a joint loan with spouse:
    • Both can claim ₹2L under Section 24
    • Both can claim ₹1.5L under Section 80C
    • Total deduction: ₹7,00,000 per year
  • Ownership share should match loan responsibility

Important Considerations:

  • Tax benefits are available only after possession
  • For under-construction properties, benefits start from the year of completion
  • Maintain proper documentation (interest certificate from LIC Housing Finance)
  • Consult a tax advisor for complex situations (multiple properties, joint ownership)

Example Calculation: For a ₹50 lakh loan at 8.5% for 20 years:

  • Year 1 Interest: ₹4,20,833 → ₹2,00,000 deductible
  • Year 1 Principal: ₹76,000 → ₹76,000 deductible under 80C
  • Total Year 1 Tax Savings:
    • 30% tax bracket: ₹82,800 saved
    • 20% tax bracket: ₹55,200 saved

Use our calculator’s tax benefit feature to estimate your specific savings based on your tax slab.

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