Should I choose the Old or New Tax Regime to repay my MBA loan?
0 Views|Posted 14 hours ago
Asked by Vikram Tyagi
1 Answer
R
Answered by
14 hours ago
Under the New Tax Regime, tax slabs are lower, but candidates cannot deduct education loan interest under Section 80E. Under the Old Tax Regime, candidates can deduct the entire interest paid without an upper limit for up to 8 years. If the annual loan interest payment exceeds Rs 2 Lacs to Rs 3 lakh
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