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@esy Problem to the employer. But will they include it? Considering an employee is transitioning from permanent employee to contractor, the employer would not agree due to 18% extra out of pocket. If we keep the salary and contract amount same, then it is better to stay employee upto 50 lakhs...

@bengreenwald This changed recently. Google the exact date.

@substatica Try home loan emi prepayment calculator from emicalculator.net You will understand how it works. The interest is calculated monthly on the remaining of the principal amount, which is, let's say, 2 lakhs towards the wnd of your loan, and emi is 20000. Means you pay approx 40000...

@bengreenwald Yes, the 44ada limit is increased to 75 lakhs.

@tomwedding What about GST registration? As far as I know, you need to apply for GST registration if your turnover threshold reaches 20 lakhs. link. Hence, add 18 percent out of pocket or bill the company 18 percent. Considering this, can you add some details in your original post? Thanks.

@pawello Can you please update your post to include prepayment calculator from emicalculator.net That will help everyone.