my net income is 237084, how much incometax would be saved if a pay the bank an installment of Rs. 11000 per month against my education loan.|||The Interest Component of the EMI X 12 is the amount that will get deducted from your Gross Income u/s 80E.
HMT|||you would be eligible for the interest paid on the loan. Such deduction is allowed upto 7 years.(sec.80E)|||As per 2009 Income Tax norms men tax exemption upto 150000 per year, your annual income 132000 only, so u dont ve any deductions... Have a nice Day
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