EDUCATION LOAN TAX SOPS EXTENDED TO ALL STREAMS
The Government has extended tax concession on interest paid for educational loans to all streams of
studies including vocational courses, benefiting students from all economic strata opting for higher
studies, from this academic session on wards. The concession was till now restricted for graduate and
post-graduate courses in engineering, medicine, management and post-graduate courses in applied
sciences or pure sciences, including mathematics and statistics. This latest amendment in section 80E of the I-T Act has brought all the streams of education (apart from regular ones) and vocational courses under its ambit. This will benefit the students who apply for graduate and postgraduate courses in various streams during the upcoming academic session.The I-T concession on such a loan will also be extended to parents who have legally adopted a child.
studies including vocational courses, benefiting students from all economic strata opting for higher
studies, from this academic session on wards. The concession was till now restricted for graduate and
post-graduate courses in engineering, medicine, management and post-graduate courses in applied
sciences or pure sciences, including mathematics and statistics. This latest amendment in section 80E of the I-T Act has brought all the streams of education (apart from regular ones) and vocational courses under its ambit. This will benefit the students who apply for graduate and postgraduate courses in various streams during the upcoming academic session.The I-T concession on such a loan will also be extended to parents who have legally adopted a child.
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