Income tax on education loan subsidy

352 views 1 replies

Can anybody tell me if income tax is applicable on CSIS education loan subsidy or not?

I have received some subsidy from government for the interest on the education loan in moratorium period of 5 years. I have paid 4 EMIs last year for the education loan. I want to know how much interest should I claim for tax deduction under 80 E. I paid 4 EMIs and then I received the subsidy after which EMIs were stopped. So is it required to include the subsidy under income?

Replies (1)
Subsidy not treated as income. Same is reduced from interest and no exemption available for such interest u/s 80E.

If already claimed same is included in other sources income.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details