Claiming IT Benefit under 80E - Interest repaid on Education Loan

Share
Print
Share This Thread
  1. LAKSHMI N SIMHAN

    LAKSHMI N SIMHAN New Member

    Sir ,
    my son has taken education loan for higher studies abroad towards which only a portion of the loan amount is released as per our request and interest on the same is already is being charged by the bank . The actual loan repayment has not started yet . To reduce the burden of EMI when actually fixed , I have been paying interest as and when it is debited to the a/c ( monthly ) .
    My question is , can I claim the entire interest paid for the year on the education loan as exemption under 80 E ( which is around Rs 10000/- p.m.)?

    yours sincerely
     
    LAKSHMI N SIMHAN, Feb 19, 2015
    #1
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    Yes, you can claim the entire amount paid as Interest on Education Loan as a deduction under Section 80E
     
    gaurav_kumar, Feb 20, 2015
    #2
  3. Dinesh Kumar

    Dinesh Kumar Member

    Sir there is no limit for interest paid towards education loan and full amount can be claimed.
     
    Dinesh Kumar, Jul 16, 2016
    #3
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Claiming tax benefit from Wife's home loan interest Income Tax Dec 15, 2015
Claiming tax benefits from housing loan of wife Income Tax Oct 28, 2015
When one can sell the property acquired from claiming Capital Gain Tax benefit Income Tax Jun 14, 2015
Staying in Govt Accomodation & claiming Home Loan benefit Income Tax Feb 2, 2015
Is there any provision to Claiming both HRA and Home Loan Income Tax Feb 10, 2017