Loan EMI calculator after RBI MPC meet: Bonanza for middle class! How much will you save with lower EMIs + new income tax slabs? Explained

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Times of India 4h ago

Loan EMI calculator after RBI MPC meet: Bonanza for middle class! How much will you save with lower EMIs + new income tax slabs? Explained - Times of India

Quick Summary:

Combine that with the recently announced changes in income tax slabs and rates, and it's a bonanza for the middle class!

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According to Vivek Iyer, Partner and Financial Services Risk Leader at Grant Thornton Bharat, the repo rate cut transmission will take about 3 to 4 months.“It may not be transmitted in full as banks would need to transmit it only to borrowers whose credit standing is good and hence on an overall portfolio basis it may vary from bank to bank,” Iyer told TOI.