We are only conducting Seminars to make Professional Traders. Join Now for Bangalore, Hyderabad and Chennai Seminar.

Use Educational Loan to Save Income Tax

It is a fact that education expenses are on the higher side and one may be required to take a loan to get the higher education. Moreover one gets the benefit for claiming income tax rebate on the interest component.

The important point which makes educational loan attractive is that the entire interest you pay on the education loan can be claimed as deduction while calculating your taxable income.

This benefit allowed under Section 80E of the Income Tax Act can translate into tidy savings. For instance, if your taxable income during a year is Rs 10 lakh and the interest you pay on the education loan that year is Rs 1 lakh, then you need to pay tax on Rs 9 lakh. This means Rs 20,600 paid less as tax for the year. You can claim the interest deduction on loans taken to fund studies in India and also abroad. But take note of the restrictions.

Few Points to be considered

  • The tax benefit can be claimed for a maximum of eight years – beginning from the year in which you start paying the interest on the loan and for seven consecutive years after that.
  • Only the person taking the loan can claim the deduction.
  • Applicable for only approved financial courses and if loan taken from authorised financial institutions.


Thus students now need to be bold and have faith in their capability and should go for the educational institutes whose fees is paid by their two years annual income after joining a company post completion of the course. if the cost of the fees is more than your 2 years annual salary post employment than course may not be worth the effort and money being spent.

Most Visited Stocks - Click to Visit Link


"First off all, I just want to say that your service is excellent – by far the best tips service I have encountered and quality of your Jackpot tips is really good and noticed that now I am getting daily profit. I can say that it makes a difference to choose the correct tips provider and it was my luck that I stumbled on your website."

- Rajesh


We Compliment you for becoming a part of mega family of more than 12 Lakh Smart Traders who are getting benefitted with our services worldwide. We assure You that we will deliver more than what we promise. Do remember to leave questions and Feedback. Your Success is Guaranteed with us!

You can Contact us through Contact Box provided on website or You can call us at 09358493584 or Email at info@indian-share-tips.com. You can make Online Payment through Payment Gateway installed on the website as we offer you the highest standard of security currently available on the Net so as to ensure that your online transaction is Private, Safe and Secure.

We Teach and Train our Clients First Before Joining as we want to make sure that clients trade in market as a thorough professional. Charges if any being paid by you are for the teaching and training and Trade Ideas given are provided free with the teaching and training and we do not charge any amount for it. If you can not join the seminar; you can learn from us via mobile and email. Your Joining with us is purely for educational purpose. Your joining is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad Seminar. Call Now at 09358493584.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9