‘Education loan income tax exemption: Section 80 E’ is the 15th episode of our web-series, Loanflix- abroad education loans, simplified. Start your abroad education loan process by requesting a call back @ [ Ссылка ]
Our Financial officer will get back to you and assist you until the sanction. All the services offered by WeMakeScholars are free of cost as this initiative is supported by the IT Ministry, Govt. of India.
We all know that borrowing an education loan is a costly affair. However, what if we told you that as an education loan applicant, you are eligible for an exemption on the interest amount paid towards your education loan? Also, what about the information that you can save a considerable amount of money while doing so? In this episode, we discuss Section 80 E of the #IncomeTax Act,1961. The 15th episode of #Loanflix will give you in-depth information about the provisions mentioned in section 80 E, who can benefit by availing this education loan income tax exemption and who cannot, How much money you end up saving when you avail Section 80 E, etc. Watch as Damini Mahajan tells you about Section 80 E of the Income Tax Act. The following are some of the main talking points of this episode.
- What is Section 80E? (1:45)
- Further Details (3:39)
- What is the actual saving? (4:57)
- How to claim this saving? (6:50)
- Section 80E might not help you (7:45)
- Conclusion (9:15)
Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan. The titles of our previous 14 episodes in this series and their links are as follows:
#1. Introduction to study abroad education loan - [ Ссылка ]
#2. Secured education loans - [ Ссылка ]
#3. Abroad Education Loan without collateral - [ Ссылка ]
#4. Documents for Education loan - [ Ссылка ]
#5. SBI education loan for abroad studies - [ Ссылка ]
#6. SBI Education Loan- Documents, Process & Timeline - [ Ссылка ]
#7. Bank of Baroda Education Loan for abroad studies - [ Ссылка ]
#8. Education loans from Government Banks, Issues and solutions - [ Ссылка ]
#9. Unsecured education loan from NBFCs - An overview - [ Ссылка ]
#10. International student loan: Prodigy finance student loan & MPower finance (Part 1) - [ Ссылка ]
# 10. International student loan: Prodigy finance foreign education loan & MPower finance (Part 2) - [ Ссылка ]
#11. Education loan for abroad: Public banks Vs. Private Banks/NBFCs - [ Ссылка ]
#12. Education loan interest rate: Simple or Compound? - [ Ссылка ]
#13. Education Loan Transfer: Things to know - [ Ссылка ]
#14. Margin Money: Loan Margin in Education loan - [ Ссылка ]
We hope that by the end of this episode you might have a clear idea on how you stand to benefit from Section 80 E of Income Tax Act,1961. Stay tuned for our next episode, where we talk about the subsidy schemes introduced by the Indian Government for education loan applicants.
Please subscribe to our channel for more such Informative videos. Also, do like and share with your friends. Good luck!
Script editor- Arjun R Krishna
Shot, Edited & Directed by Sreeman Reddy
About the Presenter - Damini Mahajan is a visionary entrepreneur and co-founder of WeMakeScholars.com, an education finance start-up for international education. Damini has been mentioned as "Top Women in Tech" by The Asian Entrepreneur. She has also been awarded as the winner of Silicon Valley Challenge by Action for India 2016 and was in Top 75 start-ups in Power of ideas by Economic Times at IIM Ahmedabad.
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