Education and Career Forum

Hi Sir,
My son has joined a Pilot Training Institute in USA.
I have taken a loan for the same.
Do I get any Income Tax benefit on the Education Loan?
Kindly tell me about this.

Yes, you will get income tax benefit on the education loan of your son. Since you are the co-borrower of the education loan, so you will tax benefit. Consult the concerned bank from where you had taken the education loan to get the details of the benefit and also get the requisite proofs from the concerned bank which you can provide while filing the income tax e-file.