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    EducationLoan PROVISIONAL

    Uploaded by

    Sarath Kumar
    The document provides provisional details of interest and principal amounts for an education loan taken by Mr. Sarath Kumar Baskar from IDBI Bank Ltd for the financial year 2022-2023. It lists the total interest as Rs. 236190 and principal as Rs. 158328. It notes that the figures are subject to change based on prepayments or changes to the repayment schedule.

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    EducationLoan PROVISIONAL

    Uploaded by

    Sarath Kumar
    50 views1 page
    The document provides provisional details of interest and principal amounts for an education loan taken by Mr. Sarath Kumar Baskar from IDBI Bank Ltd for the financial year 2022-2023. It lists the total interest as Rs. 236190 and principal as Rs. 158328. It notes that the figures are subject to change based on prepayments or changes to the repayment schedule.

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    2512561_EducationLoan PROVISIONAL

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    The document provides provisional details of interest and principal amounts for an education loan taken by Mr. Sarath Kumar Baskar from IDBI Bank Ltd for the financial year 2022-2023. It lists the total interest as Rs. 236190 and principal as Rs. 158328. It notes that the figures are subject to change based on prepayments or changes to the repayment schedule.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views1 page

    EducationLoan PROVISIONAL

    Uploaded by

    Sarath Kumar
    The document provides provisional details of interest and principal amounts for an education loan taken by Mr. Sarath Kumar Baskar from IDBI Bank Ltd for the financial year 2022-2023. It lists the total interest as Rs. 236190 and principal as Rs. 158328. It notes that the figures are subject to change based on prepayments or changes to the repayment schedule.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    MR.

    SARATHKUMAR B 22-07-2022
    NO 79 /B ANNAI VELANKANNI NAGAR
    MUGALIVAKKAM PORUR
    CHENNAI
    TAMILNADU
    Pin Code:- 600125
    Phone No:- 917904555827
    Ref: A/c no:- 363 / 0363675100004456
    A/C No:- 0363675100004456
    Customer ID:- 79420049

    TO WHOMSOEVER IT MAY CONCERN

    PROVISIONAL CERTIFICATE FOR THE FINANCIAL YEAR 2022-2023

    This is to certify that MR. SARATH KUMAR BASKAR was sanctioned Education loan from IDBI Bank Ltd.

    The provisional details of Interest and Principal for claiming deduction under Section 24(b) & 80 C of Income Tax Act, 1961
    for the period - 01-04-2022 to 31-03-2023are as under:

    1) Interest from 01-04-2022 to 09-03-2023 Rs. 222535


    2) Accrued Interest from 10-03-2022 to 31-03-2022 Rs. 13655
    3) Total Interest Rs. 236190
    4) Principal Rs. 158328

    Notes:
    1.Interest is calculated on daily balances at monthly rests. Repayments due Above are exclusive of arrears if any.
    2.Interest and Principal figures are subject to change in case of prepayment/ And/or change in repayment schedule.
    3.Principal repayments through EMI's and/or Prepayments qualify for deduction Under Section 80 C if the amounts are
    actually paid by 31-03-2023

    4.Deduction under Section 80 C can be claimed only if :

    1. The repayment of the loan is made out of income chargeable to tax.

    THESE CONDITIONS HAVE NOT BEEN VERIFIED BY IDBI BANK LTD.


    5.Interest payable on the loan (including Pre EMI Interest, if any) is allowed as a deduction under Section 24 (b)

    The onus of establishing eligibility vests with the subject client.

    This Certificate Being Provisional in nature requires no authorization from IDBI BANK LTD.

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