https://www.taxtmi.com/acts?id=48275 Individuals may deduct from taxable income amounts paid as repayment of principal or interest on loans taken for full time higher education from specified financial institutions or approved charitable institutions, subject to a monetary ceiling and allowable in the initial assessment year when repayment commences and for seven succeeding years or until full repayment, whichever is earlier; the section also defines approved charitable institution, financial institution, higher education, and initial assessment year. en-us Thu, 30 Jan 2025 13:19:59 +0530 Thu, 30 Jan 2025 13:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48275 Individuals may deduct from taxable income amounts paid as repayment of principal or interest on loans taken for full time higher education from specified financial institutions or approved charitable institutions, subject to a monetary ceiling and allowable in the initial assessment year when repayment commences and for seven succeeding years or until full repayment, whichever is earlier; the section also defines approved charitable institution, financial institution, higher education, and initial assessment year. Act-Rules F. Acts / Amendment Acts Thu, 30 Jan 2025 13:19:59 +0530 https://www.taxtmi.com/acts?id=48275