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Tax benefits of education loan

Thursday, April 20, 2017, 10:01 AM

Deductions under Section 80E of the I-T Act allow one to take the benefit of tax deduction on repayment of interest on education loan for up to 8 years. Some banks also provide a grace period for repayment of education loans where one can get a discount of up to 1% which can be beneficial for students.

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