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#1
17th June 2019, 01:00 PM
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Maximum amount to be claimed in Income Tax Rebate against Education Loan of Rs. 8 Lacs?
Hi everyone, I am giving Income Tax and maintaining file from last 3 years. I have my own small business. Now, I have taken education loan for my son of Rs. 8 Lacs. I want to know what amount of tax rebate I will get due to this education loan?
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#2
22nd June 2019, 02:18 AM
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Re: Maximum amount to be claimed in Income Tax Rebate against Education Loan of Rs. 8 Lacs?
As per the plan provisions, The interest which you have paid on the education loan can be claimed as deduction, as per Section 80E of the Income Tax Act of India, 1961.
You will get tax rebate on the Interest which you are paying towards your education loan of Rs.8,00,000. |
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