With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help reduce ...
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Education loan tax benefits: Can you claim deduction if the loan is taken from friends or relatives?
Taking an education loan has become a common way to finance higher studies, whether in India or abroad. To ease the financial burden on families, the Income Tax Act provides tax relief on education ...
The deduction under Section 80E is available only for interest paid on the education loan. No deduction is allowed for repayment of the principal amount.
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