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Income tax on education loan subsidy

Tax queries 340 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.


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