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What is Educational Loan?

Educational loan is an amount of money borrowed from a bank to finance educational expenses

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The tax deduction is the overall part of the interest paid in EMI 

Save Taxes on Education Loan

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Who Can Claim Educational Tax Loan Benefits?

A person who took an educational loan can apply for deduction after getting a job

Legal parents paying the educational loan 

Logal spouse paying the educational laon

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Maximum Tax Deduction Amount 

There isn't any maximum limits as per the tax deduction. 

But the deduction will be applicable on the interests. 

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