Tax Concession on Interest Paid on Education Loan

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..... Tax Concession on Interest Paid on Education Loan - News and Press Release Dated:- 5-5-2015 - News - Section 80E of the Income-tax Act, 1961 provides that in computing the total income of an in .....

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..... dividual, their shall be allowed a deduction of the amount paid by way of interest on loan taken by him from any financial institution or approved charitable institution for the purpose of pursuing hi .....

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..... s own higher education or higher education of his spouse, or children, or the student for whom he is the legal guardian. The deduction is available for eight assessment years beginning with the assess .....

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..... ment year in which the payment of interest on such loan is first made or until the interest is paid in full, whichever is earlier. This deduction is available to every individual who is liable to inco .....

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..... me-tax. No specific funds are earmarked for the purposes of extending tax concession against interest paid on education loan. This was stated by Shri Arun Jaitley, Union Finance Minister in written .....

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..... reply to a question in the Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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