Assumptions
Interest rate on the housing loan is 9.5% pa with a loan tenure of 15 years.
Rate of income tax remains the same for 5 years.
EMI per lakh of housing loan - Rs. 1,044/-
Gender of purchaser - Male
No other deductions are claimed u/s 80C.
Annual income increases by 10% every year.
Rent increases by 10% every year.
Calculation details given separately