Hi, I am also repaying my education Loan of 10,000/- per month, I have taken the toatl Education lone of 2,50,000/- with the interest rate of 11.25%. What will be the actual amount i will get the Tax benifit for?
hi, I am repaying my education loan by paying 10,000/- per month and my principal amount is 2,00,000/- so how much tax benifit i will get for this anfd what is the procedure
Hi, I would like to know that what is the tax deduction procedure for the period during which the course is going on.
Suppose my course duration was 4 years and i joined college in 2001 and took the loan also in 2001. Now i started the re-payment in 2005 so how i can get benefit for the interest for the duration of 2001-2004? THank..twaRit
the amendment to section 80E of the Income Tax Act clearly says that tax benefit by way of claiming deduction is available only on interest payment of educational loan.
Thanks rediff for posting info. abt the tax benefit loan. I was still following the earlier provision for tax calculation and many of us are still doing the same. Hope the info is veritable.
RE:info abt edu. loans
by shyam on Feb 28, 2006 12:09 PM Permalink
Thanks rediff for posting info. abt the tax benefit loan. I was still following the earlier provision for tax calculation and many of us are still doing the same. Hope the info is veritable.
