Rebate for payment of Interest on Education Loan - Section 80E

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  1. SILADITYA

    SILADITYA New Member

    I will be an interest of Rs 122500.00 towards repayment of edu loan in current FY. What will
    be my rebate amount in Incometax?
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    The whole amount paid by you as interest on education loan can be claimed as a deduction.

    Therefore, you can claim the full interest amount i.e. Rs. 1,22,500
     
  3. K.SATHYAPRIYA

    K.SATHYAPRIYA New Member

    Interest u incurred can be claimed , upto 8 Assessment years only.
     
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