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Can I get loan on cash salary?
Yes, you can get a Personal loan even if you are getting salary in Cash. A personal loan is a versatile resource that you can use for any purpose, be it personal or professional. It is a collateral-free loan that your lender provides you based on your repayment ability, credit history, income, etc.
How much personal loan can I get on 40000 salary Quora?
4,00,000/- OR 20 times monthly net salary, whichever is lower. Loan amount of Rs. 5,00,000/- can be considered in case of salaried persons who have completed service of three years in the present organization and drawing net monthly salary of not less than Rs.
How much loan can I get on 25000 salary Quora?
With an earning of Rs 25,000 per month, your ability to pay an EMI can at best be around Rs. 10,000 per month and that amount would fetch you a very modest home loan of no more than 10–12 lacs.
How much loan can I get on 20000 salary Quora?
20k, in this condition you are eligible for a loan amount of Rs. 4 lakhs for a period of 5 years. After using both FOIR and multiplier, the amount you are eligible for is Rs. 4 lakhs.
How much monthly salary can be paid in cash?
as per my understanding-as per section 40A(3) no expenses(REVENUE) exceeding Rs 10,000/- is allowed in cash including Salary. Further capital expenditure exceeding rs 10,000/- are disallowed by inserting proviso to section 43(1) i.e actual cost of asset. Here 10,000 is for per bill per person in a single day.
Can a low CTC lead to a higher take home salary?
In the image below you can see how a job with low CTC can lead to a higher take home salary – all because the package with the higher CTC was inflated by injecting various components. I hope from now on, you will focus more on the final take home and not be fooled by CTC numbers.
What is the maximum amount of home loan for 50 lakhs?
Generally, the banks provide maximum upto 85\% of loan against the value of property. Therefore, if you want a home loan for buying a property of Rs. 50 lakhs, the maximum amount you can get is 85\% of that ie 42.50 lakhs.
How much tax will I pay on my CTC for fy2020-21?
Gain a global economic perspective to help you make informed business decisions. For FY-2020–21 if your CTC is Rs.10 LPA (Fixed) then your approximately in hand salary and tax to be paid will be as per below investments as under: As per old tax regime you have pay Rs.0/- and in hand salary approx Rs.77,840/-.
What is the CTC of 1000000 -170000 after bonus?
You have to calculate the tax also. 1000000 -170000=830000 is annual salary after the removing the bonus. There are certain part of your CTC like PF contribution of employer side and employee side..In most of the company both contribution will be from employee CTC.