ilmscore | Prediction Details
"The entire interest component of my education loan is tax exempt. Meaning if I assume I've taken let's say a 2 cror loan 8.15% interest. So the monthly EMI is about 2 4 lakh rupees and the total interest paid is 93 lakhs 73,000 rupees. This entire 93 lakhs is tax exempt."
By Finance With Sharan | July 18, 2025 | Correct
From video
Loan Without Collateral + Best Forex Cards for Indian Students | Study Abroad Hacks Masterclass 00:25:22 - 00:25:52
Interpreted Prediction
The entire interest paid on an education loan in India is tax-exempt under Section 80, potentially saving lakhs of rupees in taxes.
AI Evaluation Notes
Based on current tax laws in India, the entire interest paid on an education loan is indeed tax-deductible under Section 80E of the Income Tax Act. This aligns with the prediction made.

Prediction Details

Topic
Education Loan Tax Benefits (India)

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