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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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