Prashant A Bhonsle explains the tax benefits you can avail under Section 80E of the Income Tax Act. Illustration: Dominic Xavier/Rediff.com In today's competitive world, higher education has become ...

A parent can claim tax benefits on his child's education loan The tax benefit applies to interest paid on loans for higher education courses The benefit starts during loan repayment and continues for ...

For many Indian families, funding higher education, especially abroad, is a significant financial challenge. Yet there’s a trend that often surprises people: even wealthy Indians, who could easily ...

Section 80E requires that in order to claim tax deduction, the educational loan should be availed only for the purpose of Higher Education. Question: I am an individual taxpayer and intending to avail ...

Students pursuing higher education can avail benefits of the education loan to fund their fees or ease the burden of financial constraints. As per the Government of India," Section 80E of the Income ...

Did our AI summary help? Many parents borrow informally from friends or relatives to fund their child’s higher education, assuming the tax benefits will still apply. Today's Ask Wallet Wise query ...

Section 80CCD provides tax benefits to individuals contributing towards the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). Representative image. Source: Pixabay Saving money while ...