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Monday, 13 January 2014

Section 80E Tax Saving with Education Loan

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Education loan Tax Saving under Section 80E

 

It's a common notion that in current inflationary scenario, students have to resort to education loan to fund your college fees. Do you know that education loan is your pal in reducing your taxes? How? As per Sec 80E, any amount of interest paid towards the education loan, can be claimed as a deduction. However, this applies only on interest and not on the principal.

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