Education loan deduction
This query is : Resolved
23 July 2009
Hi,I am an employee in MNC and want to pursue Executive MBA course.Its cost around 1 lac. If I take Education loan does it qualify for deduction under income tax as I am pursuing course with full time working in company?
Thanks for the reply.
Thanks for the reply.
Aditya Maheshwari
(Expert)
23 July 2009
Interest paid on education loan will qualify for deduction u/s 80E
Venkat Rao Marella
(Expert)
23 July 2009
No issues. The interest portion will be eligible for Sec 80E deduction.
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