Predictability on key performance indicators like an increasing trajectory for new customer acquisition, reduced customer acquisition growth, etc. is precisely what investors look for when committing funds.
To finance secondary or higher education, most people now opt for an education loan, given the rise in education cost over the years. To give additional benefits and relief to borrowers, against such costs, income tax benefit under Section 80E of the Income Tax Act (ITA) is offered. For up to two children, in India, borrowers are eligible to claim a tax deduction for tuition fees paid to any college, university, or other educational institution.
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However, while computing tax liability during a financial year, be aware of the various tax deductions and exemptions available under the I-T Act. If you have also availed an education loan or are planning to take one, find out how you can avail of tax benefits on that loan.
Source: Financial Express
