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  #1  
18th October 2017, 03:12 PM
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Chances to get rebate in Income Tax payment if taken education loan? How much amount I can get as rebate?


Sir, I have applied for an education loan of 6 lakh in SBI for my child. I want to know can I get rebate in Income Tax payment? How much amount I can get as rebate?




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  #2  
17th December 2017, 05:58 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Chances to get rebate in Income Tax payment if taken education loan? How much amount I can get as rebate?

You can claim deduction based in Section 80E based in your education loan. You will be able to get the refund based on your annual income after income tax return file.

You will get rebate according to your income and the amount you have paid during the financial year as interest.
Do you have any question? or have anything to say?



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