How to Pay 0 Income Tax on Rs 16 Lakh Salary?<\/a><\/p><\/blockquote>\nWhat courses are eligible?<\/h2>\n
As per the Income tax rules, the education loan should be for regular or professional courses pursued after passing the senior secondary examination. The course should necessarily be full time.<\/p>\n
You are eligible for tax deduction for above courses irrespective of it being pursued in India or abroad.<\/p>\n
Other conditions:<\/h2>\n
Education Loan Tax benefit is not is not available to HUF\u00a0<\/strong><\/p>\nThe education loan should only be taken from approved charitable trust or a financial institution.<\/strong> In case you have taken loan from your relatives, friends or employer that amount would not qualify.<\/p>\nThe deduction is applicable for the year you start paying your interest and seven more years immediately after the initial year. So in all you can claim education loan deduction for maximum eight years.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"With rising cost of professional courses and increasing acceptance of loans, Education loan has become quite popular among students and their parents. Other than giving an opportunity for better education, it also gives you tax deduction under sec 80E of Indian Income Tax Act once you start earning. 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Other than giving an opportunity for better education, it also gives you tax deduction under sec 80E of Indian Income Tax Act once you start earning. This post covers all the questions you…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/3542"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=3542"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/3542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/9226"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=3542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=3542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=3542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}