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Date : Mar 18, 2009

Question

URGENT : My Father-in-law had taken Educational load from SBI for Higher education of my wife. Now I am repaying the amount to the bank. The loan basically in on My father-in-law and wife's name combined. not how can i claim tax rebate for the intrest that i've been paying.

Answer

Tax benefits on education loans help you reduce the overall cost of the loan.You can claim a deduction under section 80 E of the Income-Tax Act for the interest paid on an educational loan for more..

 

 

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