Section 80E of ITA, 1961 : Section 80E: Deduction In Respect Of Interest On Loan Taken For Higher Education

ITA, 1961

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Explanation using Example

Imagine a scenario where Raj is an individual taxpayer who has taken a loan from a recognized bank to finance his daughter's postgraduate studies. In the financial year 2022-2023, Raj pays an interest of INR 50,000 on this education loan.

Under Section 80E of the Income-tax Act, 1961, when Raj files his income tax retu...

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