Hi All,

I want to know if it's a good idea to foreclose a home loan, I have like 14 lakhs for 11 years... Initially it was 28 lakhs for 30 years, I brought it to this amount in 2 years. Unable to weight the pros and cons. Is it good to foreclose or leave the loan to go on and start investing the money

like
Posting as :
works at
You are currently posting as works at

Related Posts

Does anyone have a realtor that they love in center city? We’ve outgrown our starter home and looking for a little more space!

like

Considering buying a home but was told to account for unexpected maintenance bills that come with owning a home. What’s the biggest bills you guys have received (e.g. broken air conditioning)?

like

Is buying into the VIX the best way to hedge for a mkt downturn?

like

Beginning to invest. Which is better? Merrill edge or fidelity ? Have a BofA bank account and an employer Fidelity account for RSUs. Also have a TRoweprice 401k account from past employer.

like

38 and net worth only 750 k€. Am I behind?

funny

When in your pregnancy did you (1) purchase life insurance and (2) have a will drawn up?

like

Bought some litecoins on Coinbase - how long does it take for transaction to go through and owning the coins?

Thinking of starting and Only Fans account for extra side money. Don’t know what it would be yet though. Sounds wild but my salary barely covers the cost of living and I’ve been living with school debt. Anyone have one on the side? Serious answers only please!

likesmart

How many of you are involved in share trading/Derivatives Trading apart from your current job? And how are you managing it? What return are you generating?

like

Moving to NYC this summer, making 40x rent for most places but don't have any credit score (non US citizen).

Any tips on how to avoid expensive gurantors?

likesmart

Bought another 15 contract of BTC

We are still in profit net margin now $950K

Smart move or dumb one?

likeuplifting

Is the GSU price while vesting based on the market rate at the time of vesting or is it fixed based on the stock price during hire date/month?

like

What other avenues are you using to increase income?

like

Relocating from the west coast in late spring. We have three kids under 6. School system is important to us. Thinking relocating to the Lake Norman area or Fort Mills. Pros and Cons. Looking to purchase a house and sq at least 3250-3500 min. Any advise for the area.

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

like

Holys*it, the seller accepted my offer, i’ll be owning a condo. Surreal! Did i make the right decision in this environment??? 😱

like

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

like

Is flipping houses worthwhile? I like decorating and renovating, so I'm thinking that maybe I could go into this and try my luck.

like

How many stocks do you own in your portfolio? At 18 for myself

like

Worth getting the Marriott bonvoy credit card with the 100k points bonus? Annual fee is $95. Already have CSR.

like

More Posts

When you tell your friends you do consulting, what's the most common response you get?

Mine is: so what the f**k do you actually do?

like

Should I time travel? I’m so bored of daily play I’m eager to catch new fish & bugs yet at the same time, I don’t want to miss out on anything lol.

like

Turnips are 546 for next hour!

likehelpful
like

This digital bowl is beat

like

Has anyone done a rotation in another office at ey? Like doing a busy season in Irvine California from a northeast office?

like

How do you handle rude clinicians in the workplace? I always have an attending talking down to me.

like

Any thought in working 3x12s a week vs a typical 5x8 or 4x10? I am working 3x12 and have to work some weekends and I am not sure if I like it. I am 25yrs lmk maybe I am just young? Thoughts?

like

Might be shifting to a outpatient oncology position from a medical social worker in a hospital setting, any pros/cons major differences?

helpfullike
like

Doing a panel interview with 2 managers tomorrow for a senior accountant role- Any tips? I never did an interview with 2 people at the same time

like

What's with companies charging full fees for diminished benefits? I'm a bit annoyed about being charged in full for my Marriott card annual fee and Amazon Prime mebership

likehelpful

How hard is a career pivot from digital advertising to a product manager or even developer? I’m learning python 🐍 and at the point where I’m working on a pretty advanced project. I think having technical skills in combination with digital marketing can increase my net worth in the long run .

like

had a level 3 lock down today (active shooter/imminent threats). no one was harmed but it left me wondering what else can I have in my classroom or do to keep my kids safe or fight back? (Hacks/tips)

Hi. Currently holding 3.5 years of experience and good understanding on Wireline , drilling & geophysics. Any field jobs kindly refer me . Guidance also would be much appreciated

Who are the best jersey recruiters? Getting a lot for NYC but would love to find something in NJ.

like

Cold emailing consultant HR reps for jobs, yay or nay ?

like

What sort of opportunities are available in Canadian government for commercial insurance professionals?

like

Hi Folks,

got an call for sap bw hana job. can someone help me with the kind of questions they ask?

like

Quick thoughts about @Globant please

Additional Posts in India Tax

Hi,

Where to invest to reduce the taxable income of 8 lakhs after investing 1.5 lakhs under 80c and HRA 1 lakhs ? Medical insurance 50 k I’m aware of it and I don not plan on any house loan. Please suggest.

like

Guys can anyone help me to get the best refund or filing for tax for 21 LPAfixed 26LPA CTC.
I know my in hand salary will be 1.3 by any chance can I make it more ??

like

I have created NPS account through SBI YONO app. PRAN is generated and I received my contribution copy as well through mail.
But when I try to login using my PRAN number it says invalid.
Can anyone please help why it’s happening like this??

like

Kindly suggest the best ways of saving maximum tax for this CTC :) :)

Post Photo
like

Anyone here working in M&A tax? need a referral.

I'm a recently qualified CA (first attempt)

like

How to bring tax liability to zero for 15 lpa ctc?
Can I claim hra for less than one lakh per FY and Maximum housing loan benefits?

The rental place and property under loan are in same city.. Parents stay in rental ( I pay rent) and I have purchased new flat in same city for myself.

likefunny

Can we show unequal rent split up between husband & wife for HRA?
Let's say we pay 20k in rent. I want to show that I pay 15k and wife can show 5k. Is this sort of break up possible without explicitly mentioning it in the rent agreement?

like

If my parents live in a government provided house and I live with them (wfh), how can I plan my HRA exemption?

like

My CTC will be
Basic 13LPA
FB 7 LPA
Total fix pay - 20 LPA

80c - 1.5 LPA
HRA 3 LPA

Any one please help mi on which tax method will be sutable for me old or new?

like

My company has asked for investments proofs. Jts feb only and i have upcomming mutual funds sip also. How can i show these upcomming sip investments ?

like

Hello people,

Need some inputs!

When I file my ITR, it is auto-populating the 'income from other sources' by 40k and increasing my tax liability by 10k however form 26as shows no tax liability.

Should I edit the header to Rs. Xx which is below 10k hence tax exempted and stick to info as per 26AS?

Thanks a lot!

like

Could anyone please tell about NPS CCD(2) ? Is it paid by employer? What needs to be done in this?

like

Hi,

Can I pay full hra amount as rent to my parents to get hra exemption benefits.

HRA: 5 lakh

like

I have gains from stocks.. as LTCG. Do I need to file ITR 1 or ITR 2?

like

Hi Folks, how much max amount we can retain back after 80c tax claims on income taxable amount. Any idea? Is it varies based on package? What is the percentage ?

like

Does your organization make you feel like your work is only a support function to their more profitable businesses?

like

Do you submit fake rental receipts and owner pan card detail for HRA? Is it normal ? I see most people does in my team. They submit parents or spouse pan card number as owner pan card number to get HRA. Is it same everywhere?

like

Hi Fishes,
I started my job in 2020. I haven't fill ITR till now. My CTC is below 5LPA.

1. Can we fill the ITR for previous years? If yes then...Will it cause any issue?
2. What would happen if I start filling ITR from this year only and skipping for previous years?

Please suggest and guide

helpful

Can we pay rent to our parent?
What if my parents are in other city and I am living @ my company's location which are 700km away from each other. Can I still show that I am paying rent to my parent?
Please help as this is my first time coming under tax slab

like
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal