JAIIB · RBWM · Chapter 28

Housing Finance and Tax Planning

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Retail Banking and Wealth Management — JAIIB.

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Q

24(b) — Component / Max Deduction?

A

Component: Interest on self-occupied home loan; Max Deduction: ₹2,00,000

Q

80EEA — Component / Max Deduction?

A

Component: Additional interest (affordable housing); Max Deduction: ₹1,50,000

Q

80C — Component / Max Deduction?

A

Component: Principal + stamp duty + registration (aggregate 80C basket); Max Deduction: ₹1,50,000

Q

TOTAL — Component / Max Deduction?

A

Max Deduction: ₹5,00,000

Q

Up to ₹30 lakh — LTV Ratio (max) / Risk Weight?

A

LTV Ratio (max): 90 %; Risk Weight: 35 % (LTV ≤ 80 %); 50 % (80 % < LTV ≤ 90 %)

Q

> ₹30 lakh and ≤ ₹75 lakh — LTV Ratio (max) / Risk Weight?

A

LTV Ratio (max): 80 %; Risk Weight: 35 %

Q

> ₹75 lakh — LTV Ratio (max) / Risk Weight?

A

LTV Ratio (max): 75 %; Risk Weight: 50 %

Q

EWS — Annual Household Income / Loan Size for Subsidy / Subsidy Rate / Max Carpet Area?

A

Annual Household Income: ≤ ₹3,00,000; Loan Size for Subsidy: up to ₹6,00,000; Subsidy Rate: 6.5 % p.a. for 20 yrs; Max Carpet Area: 30 sq.m.

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