Deduction u/s 80c for tution fee paid
This query is : Resolved
Nakul Jain
(Querist)
26 March 2014
I have taken loan for higher education of My Children. Can I Take Deduction of Tution Fee Paid through Education Loan.
Total Fee including Hostel Rs. 200000
Tution Fee in Abovementioned Amount Rs. 79000
Bank Paid : Rs. 150000
I Paid : Rs. 50000
How Much Total Deduction is available to me on Account of Tution Fee ?
Total Fee including Hostel Rs. 200000
Tution Fee in Abovementioned Amount Rs. 79000
Bank Paid : Rs. 150000
I Paid : Rs. 50000
How Much Total Deduction is available to me on Account of Tution Fee ?
Dintakurthi Tirumala
(Expert)
26 March 2014
You are eligible for deduction u/s80C is Rs.79000(provided such fees paid to the education institute which is established in India, means your children doing higher studies in India).
As well as amount of interest repaid on education loan is eligible for deduction u/s 80E
OM SAI SRI SAI JAI JAI SAI
As well as amount of interest repaid on education loan is eligible for deduction u/s 80E
OM SAI SRI SAI JAI JAI SAI
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