An education loan not only helps you during the course of study, but also benefits the person when he/she starts with a job. The interest paid on the principle amount of the loan is elegible as deduction from your taxable salary when the income tax is to be paid. Can any IT professional kindly throw some more light on the issue and the limits of deduction ??
This is an very interesting and informative article.
But on epoit left out is about Education loans for working Executives who take up part time courses like Part time Executive MBA. Also it should inculde information about the Income-Tax benifits of such loans.
