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what is the limit of interest on education loan for child for the assessment year 2017-18
Replies (4)
Interest rates on any loan are based on RBI repo rate and and revised every quarterly. Based on that banks have their own policy to fix rates of different loans, but usually differ by fraction of percentage.
sir i think my ques was nt clear...i want to ask what is the amount of intrest paid against education loan in a financial year eligible for deduction under section 80E
No change in recent budget. Total amount of interest paid over educational loan is deductible u/s. 80E.
Refer: https://cleartax.in/Guide/section-80e-deduction-for-interest-on-education-loan
ok thnx sir
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