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Education loan tax exemption on the prinicipal amount

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(Querist)
22 January 2017 Every individual is allowed to show savings up to Rs. 1,50,000/-. But I have savings only up to Rs. 1,00,000/-. So for the rest of the amount i.e., Rs. 50,000/-, can I fill it up with the interest and the prinicipal of the education loan of my child? I am aware that I can use the interest, but please let me know if I can avail the exemption for the principal amount of the education loan too...

Thanks a lot,
Madhuna
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CA ANILKUMAR B.COM FCA DISA

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CA ANILKUMAR B.COM FCA DISA (Expert)
22 January 2017 only interest portion subject to other conditions .
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