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Will Your Master s Program Keep Enrollments Up? Don t Bet on It

Will Your Master s Program Keep Enrollments Up? Don t Bet on It
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Going abroad for studies? Spends over Rs 7 lakh could attract TCS, but education loans eligible for concessions

Education loans taken to fund overseas studies are subject to a lower TCS of 0.5 percent, and only if the amount exceeds Rs 7 lakh. However, in the case the money is sent abroad through other sources, TCS of 5 percent will be applicable if the remitted amount exceeds Rs 7 lakh. Also, if parents send money to their children studying abroad for purposes other than education, the amount will attract TCS at a higher rate.

study abroad: Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?

Going for higher studies in universities like Harvard, Cambridge, Stanford, Oxford, MIT and so on is the aspiration held by many Indian students. However, many of them are not successful in fulfilling their aspirations as there are many hurdles in the way. We tell you what all you should consider before taking a final call on your study abroad expedition in 5 most popular destinations pursued by Indian students.

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