Educational Loan Repayment : Consider These 5 Points..!

With respect to Educational Loan Repayment the following is the deduction available in deduction in Income Tax ( IT) : (1). Deduction on Repayment of Interest on Education Loan is allowed as deduction Under section 80 E for an Individual and there is no cap on the deduction. Th…

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Education Loan & Interest Subsidy..!

Now (2015, September) Interest subsidy is applicable from academic year 2009-10 and is available for those students who availed Education loan from 1.4.2009. Full interest subsidy during the period of moratorium  ie. course period plus one year or six (6) month after getting…

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Claiming unclaimed Education Loan Interest Subsidy: New Portal Opened..!

Education Loan Nodal Bank Canara Bank has recently (7th September0 2015) opened the portal for claiming, unclaimed Education Loan interest subsidy for the loans disbursed during 2009-10 to 2013-14. This is an one time opportunity for all Banks to claim the left out interest …

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All about Education Loan Interest Subsidy Scheme – CSIS.

By Mr. K Srinivasan, Convenor, ELTF Education-Loan-Task-Force ( ELTF) has been getting lot of enquirers from different part of country seeking clarifications on 'Interest Subsidy Scheme'. There are 2 types of Interest Subsidy scheme for students pursuing education in I…

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Income Tax: INCENTIVES FOR EDUCATION

Education plays an important role in sustainable economic development of a nation. Under Income Tax Act certain incentives are available for promotion of education like children education allowance, repayment of loan for higher education, tuition fee of children etc. Table 2…

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Repayment of Education Loan: Consider These Conditions

At the outset it should be stated that repayment of  Education loan does not qualify for deduction now as there has been an amendment to section 80E with effect from financial year 01.04.2005.  Till 31.03.2005 repayment of loan was also eligible up to Rs.40,000 under sectio…

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