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May 29, 2020
Question

Can I get tax deduction for education loan interest charged which I haven't paid yet?

  • May 29, 2020
  • 1 reply
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I have an education loan from Prodigy Finance and I am not required to pay interest till 2 years although I am charged for it. Can I claim tax deduction now or only after I actually pay it?

1 reply

macuser_22
Employee
May 29, 2020

You can only claim interest that was actually paid during 2019.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**