INCOME TAX9 Sept 2026
Home loan hurting your finances? Here's how you can recover from an overstretched EMI
Buying a home costs far more than the EMI. Add stamp duty, interiors, maintenance, taxes and repairs. Many Indians now spend 61% of income on EMIs, up from 46%. Experts say keep EMIs within 30-40% of take-home salary. If you're struggling, act early. Extend tenure, refinance, or prepay to protect your other financial goals.
Key Statutory Highlights
- The real cost of a home loan includes stamp duty, registration, interiors, society maintenance, property taxes, insurance and upkeep, not just the EMI.
- Average Indian households now spend 61% of their income on home loan EMIs, up from 46% in 2020.
- A home loan EMI should ideally stay within 30-40% of your monthly take-home salary, experts say.
Actionable Advice for Taxpayers / Founders:If your home loan EMI is squeezing your savings, talk to your lender about extending the tenure or refinancing at a better rate, and use any surplus income for part-prepayment.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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