= (House Cost + CC interest + Car Payments
+ Loan Expenses) ÷ (Gross Income) Guideline: Maximum TDS 40 % Allowed: Maximum TDS 44 %
Not exact matches
Most probably I will opt for higher education in 2018 which will cost me around 18 lakh fees (will go for bank
loan)
+ monthly
expenses around 8K.
Salary in India: 8 lakh PA
Expenses: Home
Loan EMI 22k PM Invstmnts (Now): PPF 50k
+ 50k Life Insurance
+ 25k Term insurances all Per yr.
You need to ensure that your family gets: Money to pay back all the
loans + Money to meet all
expenses to lead the same lifestyle they enjoy now.
Life Insurance Cover Required = (Monthly Household
Expenses x 12 x 20)
+ Outstanding
Loans — Existing Life Insurance Cover