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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
Home/News/Tax deduction on personal loan? Top deta…
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Tax deduction on personal loan? Top details for you to know!

From tackling unforeseen medical costs to funding higher education, you can use an unsecured personal loan to cater to a wide number of requirements. No wonder it is such a popular choice…

By Author
Published January 30, 2023 · 4 min read
tax deduction on personal loan

From tackling unforeseen medical costs to funding higher education, you can use an unsecured personal loan to cater to a wide number of requirements. No wonder it is such a popular choice among Indians!

As a salaried employee, you may know the common ways to enjoy tax benefits when it comes to other financial undertakings. But, with the personal loan, you must be aware of a few facts related to tax. While you may think that repaying a personal loan does not provide tax benefits, the fact that you can claim tax deductions on the interest paid on a personal loan is unknown to many.

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