Thursday, July 28, 2011

Income Tax Exemption - Section 80E

The Income Tax laws allow all individuals who are assessed for income tax to claim exemption from income tax under the  Section 80E   head.

 Section 80E 

Under this section, deduction is available for payment of interest on a loan taken for higher education from any financial institution or an approved charitable institution. The loan should be taken for either pursuing a full-time graduate or post-graduate course in engineering, medicine or management, or a post-graduate course in applied science or pure science.



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