Mon, Sep 26, 2022
NPAs in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter.
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Sat, Jun 18, 2022
What is Income Tax Section 80E: Individuals availing education loans for self, children, spouse, or children under guardianship are eligible to claim tax deductions under Section 80E of the Income Tax Act. This deduction is available on the interest component of the loan and has no upper limit. However, the deduction is available for only eight years from the day of the commencement of EMIs. Therefore, borrowers should try to repay their loan within 8 years to maximise tax benefits.
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