29 March 2012
Education loan Interest of Rs 50000/- it is show as a deduction in form 16 for Tax Benefits ( Salaried Employee ) or we show in ITR Return
29 March 2012
If the employee has declared such interest payment to his employer, the employer will consider the same while calculating the tax liability of the employee. He will also show the same in Form 16.
The employee while filing his return of income shall also declare the same.