Is there a tax benefit on fees for switching loans?

I have taken a housing loan from a bank. Because of rising interest rates, I want to switch to a bank that charges lower interest. Please let me know whether I will get any deduction on any fees I pay for the switch.
Experts at Astute Consulting note that the deduction for interest on borrowed capital under Section 24(b) is available only for specified purposes, that is, for capital borrowed for construction, purchases, repairs, and renewal of house property. It is not available for any other purposes. As such, a deduction for switchover fees is not allowed under Section 24(b) of the Income Tax Act.
I receive a monthly annuity from the Life Insurance Corporation of India, through a pension policy. I am not employed. Is this income eligible for the standard deduction on income tax?
Unfortunately, no—the income is not eligible for the standard income tax deduction. Advisors at Astute Consulting note that the benefit of standard deduction has long been withdrawn, and no standard deduction is now permissible.
My employer pays me a salary, and also a business development incentive. For tax purposes, is the business development incentive treated as salary, or as business in come? Kindly advise.
The term “income from salaries” covers all the remuneration received under the contract of employment. According to advisors at Astute Consulting, the important aspect is the employer-employee relationship. In your case, as you receive the incentive from your employer, it will be treated as salary income, and not as business income.
I have served the United Nations for over 15 years, and recently retired. I will be receiving a monthly pension, according to UN policy. Will I have to pay tax on the pension?
Advisors at Astute Consulting note that, according to the provisions of the UN (Privileges and immunities) Act, salaries and emoluments that the United Nations pays to its officials are exempt from tax. Further, according to Circular no. 293, dated February 10, 1981, any pension paid by the UN to its erstwhile employees is exempt from income tax, regardless of where it accrues, arises, or is received. So you need not worry about paying tax on your pension.