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Education Expense

This query is : Resolved 
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(Querist)
10 July 2010 My Salary is more then 165000/- & I`m Not Investing in any LIC / PPF or Mediclaim.

Now I Want to Know under Which Section I can take Rebate of my Education Expense which was some where around 10000/-

Please Reply
Darshan Shah
09821707213
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CA.Mini

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CA.Mini (Expert)
10 July 2010 u can avail only the interest paid on education loan as deduction from the total income.as u/s 80 E.this deduction is allowed for the initial year that is year of commencement of repayment of interest and immediately succeeding 7 years or until the interest is repaid by the assessee in full,whichever is earlier.
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