Income Eligibility Statement: Fill & Download for Free

Assuming you are currently a salaried employee (since you enquired loan against salary) and need to infuse money in business.First, you have to approach any NBFC which gives business loan to a salaried employee (Indiabulls is one).You will have to mortagage your property as a collateral here. A plot, a house or may be commercil building. You will be eligible to get 50% of the property value as a loan amount.Then comes your income eligibility. Calculate 55% of you salary and divide it by 1200 ( per lac emi at 11% rate of interest). what comes out will be you loan eligibility acc to your income.Whichever is the less of two is the loan amount you will be eligible for.Documents required upfront:vlast 3 months salary slips. Last 2 year form 16 issue by your employer. Bank statement and KYC.

Bharat Ratna is the highest civilian award in India. The recipients rank 7th in the Indian order of precedence, which is the government of India’s official protocol list. This enables the honourable awardees to be on the same precedence as that of cabinet ministers or chief ministers. The privileges or benefits given to the Bharat Ratna awardees are:-They are treated as State Guests when they travel within India.They are entitled for diplomatic passport (of maroon colour). This indicates that they are dignitaries representing India. It also gives them access to separate immigration counters and lounges at airports.They are entitled for lifetime free executive class travel in Air India & free lifetime first class train journey.They are entitled for pension equal to or 50% of PM of India's salary.They can attend the parliament meetings and sessions.They are eligible for Z category protection, if needed. Z category protection means protection by NSG commandos+police personnels.They are treated as special guest in the Republic and the Independence Day.Their status is equal to VVIP, both within and outside India.They are exempted from paying Income Tax for life.They won't be frisked at any civilian airport of India. They are among the 32 categories of people that are exempted from pre-embarkation security check at the civilian airports.On the other hand, the Padma awards (Padma Vibhushan, Padma Bhushan & Padma Shri) have no privileges attached to them.Edit1:- Last second point has a mistake. Instead of ‘for life’, it should be ‘on the Award’. So, the correct statement is:- They are exempted from paying income tax on the award. The award is tax free under Section 10(17A) of the Income Tax Act of 1961.Sources:-VIPs exempted from Security Check at Indian Airports - FactlyWhat are the Benefits & Facilities extended to a Bharat Ratna Awardee?What does Bharat Ratna winner get?First-class flights and diplomatic passports: The perks of getting a Bharat RatnaNobel Prize and other Indian Awards are Tax Free?List of Exempted Incomes (Tax-Free) Under Section-10

Here are a few basic checks for availing a personal loan in general:Income should be more than 25000/- (if you reside in tier 1city)We need to have stable employment of more than 1.5 years with the current employerOur salary needs to reflect in our bank statementAt times, few banks also ask for the last 3 months or 6 months salary slips in the documentationAny sort of the previous loan we have taken acts as the proof of re-payment capacity (consumer loan, credit card payment or personal loan)These are a basic requirement for any bank to lend a personal loan without any more if’s and but’s…