InsideIIM

MBA Student

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All you need to know about Tax Benefits on Education Loan Interest Payments

All you need to know about Tax Benefits on Education Loan Interest Payments

If you have taken an education loan for your post-graduate course then you will find this useful. The timing of this article is also crucial especially for all the aspiring MBA grads who have given their CAT exams and are awaiting results and call from IIMs.  Considering the present and foreseeable cost of education, undertaking a two-year MBA course will involve significant amount of capital investment – ranging from Rs 5 lacs to Rs 30 lacs (including cost of incidental expenses like travelling, hostel accommodation, etc).  Nothing to say about the Masters course pursued abroad.  As a result, majority of the students opt for availing education loans to fulfill their dreams.  Availing an education loan is hassle-free given that the banks are aware of the fact that the rewards post completion of the course would be significant enough to repay their loan amount easily.  However, there is an icing on the cake provided by the Indian Income-tax laws which the students aren’t completely aware of.  I am deliberately stressing upon the term ‘completely’ based on the conversations I have had in the past with many students.  I am talking about the tax benefits that the students can achieve on availing an education loan.  These tax benefits effectively help you to reduce the overall cost of your education loan.

Prince Doshi
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My tribute to Shanmugam Manjunath

My tribute to Shanmugam Manjunath

I first heard about Manjunath (in 2005) when I was 19 from a teacher at a class in Bombay who taught us Verbal Reasoning and Reading Comprehension. I wasn't really into the habit of reading newspapers and didn't know much about it. Actually, I didn't care enough to even go back home and check what she was talking about. I dismissed it as another IIM grad story - must have done something to get  the attention of the press.

Ankit Doshi
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IIM Indore students learn Team Work and Strategy in the Himalayas in the annual unique experiential learning course

IIM Indore students learn Team Work and Strategy in the Himalayas in the annual unique experiential learning course

The Himalaya Outbound Program has been a part of IIM Indore curriculum since 2010. However, every year the places visited by the students have changed. Last year, our seniors went to places such as Musoorie, Dalhousie, Shimla and Nainital. Save for the last place, the other spots chosen for our batch this time were of greater height and trekking potential. The batch was split into 4 groups with three groups visiting the exotic locations in Uttarkhand – Bedni Bugyal, Dayara Bugyal and Kedakanta. The 4th group was sent to Nainital. The choice of the place to be visited was left up to the students and was given on a FCFS basis. With the batch being as adventurous as it is, Nainital tended to be the last preference for many!

IIM Indore
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Digital Marketing to Politics, Consulting to the Social Sector - IIM K students interact with speakers across the spectrum at Horizons 2012

Digital Marketing to Politics, Consulting to the Social Sector - IIM K students interact with speakers across the spectrum at Horizons 2012

The 13th edition of Horizons- the Annual Management Conclave of IIM Kozhikode organised by the Industry Interaction Cell was held from the 9 – 11th of November, 2012, with a host of speakers from domains ranging from Banking, Telecom, IT, Consulting, Venture Capital, Media, Advertising, Internet to Education, Healthcare, Non-Profit Organizations, Social Activism, Politics and Policy Making, who brought forth a multi-faceted discussion on the theme of the event- Ideate, Innovate and Integrate.

Team InsideIIM
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Summer Placements : FMS Delhi – Class of 2012-14

Summer Placements : FMS Delhi – Class of 2012-14

Given the various emails and comments after our last post on the IIM Lucknow Summer Placements, we have decided not to give any team opinion on any placement report we publish. This has been decided to ensure we come across as neutral and are not influencing the reader. The facts should allow the reader to make his/her own conclusions.

Team InsideIIM
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Summer Placements : IIM Lucknow - Class of 2012-14

Summer Placements : IIM Lucknow - Class of 2012-14

When we published IIM Lucknow's Summer Placement Report here last year, we said that it was probably their best performance. However, this year IIM Lucknow summer placements have surpassed even that and they have firmly established themselves in the top four campuses in the country and are ready to take on IIM ABC across domains and functions. The gender diversity also seems to have done the magic with a record 177 women participating in Summer Placements at any IIM in the country for the first time (Earlier, even 3 batches put together would not have 177 women!)

Team InsideIIM
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