Tag Archives: Educational Loan

For studies abroad the estimate received from the institution abroad or USD 100,000, per academic year, whichever is higher, can be transferred from India. Students going abroad for studies are treated as Non-Resident Indians (NRIs). So, the students have to open an NRO account and any educational loan that is …

Introduction Your education loan can lower you tax payouts. Yes, an individual Tax payer who has taken an Educational Loan, can claim deduction under section 80E of the Income Tax Act towards the interest amounts paid. Extract from the Act “80E. Deduction in respect of interest on loan taken for higher …