Income Tax Deduction for Education Loan Interest - Section 80E - Claim Tax Deductions | Income Tax

Описание: In this video, we have discussed Income Tax Deduction for Education Loan Interest - Section 80E - Claim Tax Deductions

⚪About Education Loan:
An education loan is a loan which used to fulfil the educational expenses of children by their parents. The cost of education is high when it comes to the reputed universities of India and also for foreign education prospects as well. Education loan allows parents to take a loan in the name of the child and pay the debt themselves and the child can also pay back the amount with his income after completing education.
#EducationLoan


⚪Tax Deduction on an Education Loan:

Availing an education loan will provide you with a tax deduction on the Interest Amount​ under Section 80E​ of the Income Tax Act​, 1961.

➊ This benefit can only be availed by individual borrowers seeking Higher Education​.

➋ The tenure of this benefit is 8 years from the year you started your repayment or until the interest portion of your loan has been repaid, whichever occurs first.

➌ A document from your respective bank citing the Principal Amount​ and Interest Rate​ will be required.

#EducationLoanInterestTaxDeduction #TaxDeductiononanEducationLoan # Section80E​oftheIncomeTaxAct
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⚪Time Stamps:
0:07Tax Deduction on an Education Loan
0:27 The tenure of this benefit is 8 years
0:45 - For more information about education loans
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⚪For more information about education loans,
https://www.dialabank.com/education-l...
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⚪For more Information
www.dialabank.com
9878981166
[email protected]

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