Tax Concession On Education Loan Is Now More Beneficial

New Delhi: Section 80E of the Income Tax Act, 1961 provides for a deduction to an assesse (being an individual), out of his income chargeable to tax, on account of any amount paid by him in the previous year by way of interest on loan taken by him from any financial institution or any approved charitable institution for the purpose of pursing his higher education or for the purpose of higher education of his relative.

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