Announcements
On 21 July the government announced proposed changes to the JobKeeper program. These changes don’t affect Jobkeeper payments until after 28 September 2020.

ATO Community

Education Loan

Highlighted

Newbie

Views 217

Replies 3

Hi,

 

I am paying for Education loan in India, 
Can I claim the interest that I have paid for the loan in my tax return

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Best answer

Devotee

Replies 2

I’m sorry you haven’t given us enough information to know if this would be a deduction or not. Did you study before you got your job? Or after? Is it relevant to your job now?
Maybe read here for more information on education expenses: https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/self-education-exp...
3 REPLIES 3
Highlighted

Best answer

Devotee

Replies 2

I’m sorry you haven’t given us enough information to know if this would be a deduction or not. Did you study before you got your job? Or after? Is it relevant to your job now?
Maybe read here for more information on education expenses: https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/self-education-exp...
Highlighted

Newbie

Replies 0

I need to see if this could be a deduction
Its for my wife
She is currently looking for a job in her profile
Highlighted

Community Manager

Replies 0

Hi @bhavya0812

 

To be able to claim a deduction for self-education it needs to relate to your current employment. Check out the link that wonka5 has provided.

 

KylieS