Indian Income Tax System Rebate on Education Loan and House Rent

Question

I am a recent graduate and will be starting my job in a couple of days.
My offer Letter says

CTC Offered:
● X LPA (can't disclose the actual amount) ->  fixed

and it is written that:

Applicable Income Tax (TDS) will be deducted from your monthly taxable earnings.

So my question is that I have completed my graduation, so I will be paying the EMIs so can I get a rebate on Education Loan from Tax and I also live on rent with my family so can I also get a rebate on that as well?
Also, I am new on this platform, so I am sorry if I missed something.

Canute S · Answer

The technical term for it is a "deduction from taxable income" you have to disclose the EMI and rent with proper proofs to you employer and once they enter this into their payroll processing system your TDS amount deducted will reduce to the extent of the deduction allowable under the tax laws applicable for the year.
Most employers have a online system which lets you enter these values when joining and at the beginning of each year so that by the end of the year your TDS deducted is exactly equal to your total income tax due by the end of the financial year.

Indian Income Tax System Rebate on Education Loan and House Rent

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