Income tax planning in India is not limited to your own income and investments. The Income Tax Act also allows taxpayers to ...

Section 80E of the Income Tax Act in India allows you to deduct the interest paid on an education loan from your taxable income. This benefit applies to loans taken for your higher education, your ...

In addition to Section 80E deduction, taxpayers could also claim deduction under Section 80C for any amount paid towards tuition fee for the purpose of full-time education of any two children of the ...

The Indian Income Tax Act, 1961, offers a variety of deductions to help taxpayers reduce their taxable income. However, many people tend to overlook these provisions that could significantly lower ...

For many Indian families, funding higher education, especially abroad, is a significant financial challenge. Yet there’s a trend that often surprises people: even wealthy Indians, who could easily ...

Every year, many taxpayers unknowingly fail to claim deductions due to ignorance of the provisions in the Income Tax Act. For example, Section 80C under the old tax regime alone covers far more than ...

An MBA graduate took to Reddit to share why he decided to not clear his education loan as quickly as possible. The Indian Institute of Management (IIM) Bangalore alumnus said he did so even though his ...

Finance Minister Nirmala Sitharaman revised the Tax Collected at Source (TCS) rates on foreign remittances on Saturday. The TCS exemption limit for transactions made through the Liberalised Remittance ...

Budget expectations: On February 1, 2025, Union Budget will be presented by Finance Minister Nirmala Sitharaman at the Lok ...

Students pursuing higher education can avail benefits of the education loan to fund their fees or ease the burden of financial constraints. As per the Government of India," Section 80E of the Income ...