education loan
This query is : Resolved
18 May 2010
In form 16 educational loan intrest or principal amt. exempt f yeas than in which section exempt for the year 2009-10
18 May 2010
Any interest paid on Education Loan is exempt u/s 80E of IT Act.
18 May 2010
principle amount is taxable but interest is exempt u/s 80E
18 May 2010
Principal repayment of education loan is not taxable. It is not an income (unless the obligation is met by the employer).
Deduction u/s.80E is available on interest part.
Deduction u/s.80E is available on interest part.
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