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80(e) Educational interest

This document is an Education Loan Certificate for Master/Mr/Ms Syamily J, sanctioned for higher studies at SRM University, Chennai, with a loan amount of Rs. 11,00,000. The certificate details the loan account number, sanction date, course, and repayment particulars, including interest and principal amounts for the financial year 2024-2025. It also mentions eligibility for tax deductions under Section 80E for interest payments made by 31.03.2025.

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Kanish Kanth
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33 views

80(e) Educational interest

This document is an Education Loan Certificate for Master/Mr/Ms Syamily J, sanctioned for higher studies at SRM University, Chennai, with a loan amount of Rs. 11,00,000. The certificate details the loan account number, sanction date, course, and repayment particulars, including interest and principal amounts for the financial year 2024-2025. It also mentions eligibility for tax deductions under Section 80E for interest payments made by 31.03.2025.

Uploaded by

Kanish Kanth
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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IFSC Code: UTIB0000622 Branch Name: OLD WASHERMANPET,

CHENNAI, TAMILNADU

TO WHOMSOEVER IT MAY CONCERNs

EDUCATION LOAN CERTIFICATE FOR THE FINANCIAL YEAR 2024-2025


This is to certify that Master/Mr/Ms Syamily J has/have been sanctioned Education Loan. For the
higher studies, the following are the details.

Loan Account Number 8763002237455

Loan Amount Rs. 11,00,000.00

Loan Sanction Date 01st June 2023

Course M.Ed - Finance

Student Syamily J

Institution SRM University, Chennai

The particulars of repayment of interest applied and repayment of interest up to 31.12.2024, for the
financial year 01.04.2024 to 31.03.2025 are as under:

a) Interest debited to the account during the financial year up to 31st December 2024:
( Rs. 83,450.00 + Rs. 26,493.00) : Rs.1,09,943.00

b) Principal debited to the account during the financial year up to 31st December 2024:
Rs. 1,38,600.00

Interest is calculated on the Loan account and applied at monthly rests, Interest and Principal figures are
subject to change in case of prepayment/ And/or change in the repayment schedule. Principal repayments
through EMI's and/or Prepayments qualify for deduction Under Section 80E if the amounts are paid by
31.03.2025.

Anish Nair Place: Chennai


General Manager Date: 31/12/2024

Axis Bank Ltd. PAN: AAACU2414K

(It is not obligatory that the interest under section 80E is required to be certified by the lender)

As per the provisions of the Income Tax Rules, the actual payment of interest will be eligible for
deduction under section 80E in the year in which the interest is actually paid, irrespective of the
year to which the interest pertains to.

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