Did you know: Interest on education loans is tax deductible

Getting educated in a premier institute is a costly affair. Course fees and other expenses can be in lakhs of rupees, and many parents or individuals may not have such amounts of money. For instance: it would cost about Rs20 lakh to complete a postgraduate programme from the Indian Institute of Management, Ahmedabad, one of the country’s best management schools. Those who don’t have ready cash to finance higher education, can opt for education loans. The advantage of these loans is that they can be repaid after the borrower, or…

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