Section 80e for tds on salary

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Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2014 If employee has taken loan for higher education can we consider interest on that while calculating TDS on salary??

Sandeep Dharar (Expert)
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25 March 2014 Yes u can take it while computing ur tax liability..

But the moan must b taken from Bank, Financial Institution or Charitable Trust...

Vinita (Expert)
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03 April 2014 Yes it is allowable to take deduction u/s 80E, however Interest payment certificate has to be obtained from bank.

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