Section 80E Tax Benefits on Abroad Education Loan
The pursuit of education abroad is an amazing experience as it enriches students with diverse international perspectives and skill sets. However, crossing borders to experience a different life is a financially challenging process. In most cases, study abroad aspirants take the financial assistance of an education loan to have holistic financial security. This funding option not only provides financial support but also provides many other benefits. One of the notable benefits linked to education loans is the tax deductions under the Income Tax Act of India. Amid the financial intricacies, understanding and availing the potential of Section 80E of the Income Tax Act can significantly reduce the financial burden associated with studying abroad. So, to help you figure out this process of claiming tax benefits, here’s a detailed article. Keep reading to find out more about this money-saving benefit. Understanding Section 80E of the Income Tax Act Within the Indian Income Tax Act of 1...