Interest on education loan

under secton 80 e there is no limit on interest part.. it can be claimed for maximum of 8 years or clearance of loan which ever is earlier

Dear Soumya,

There is not limit of interest on education. You can take dedcution u/s 80E what ever interest should be paid.

 

Thanks & Regards

Rateesh

There is no limit on the amount of interest you can claim as deduction under this section.Actual interest paid can be claimed as deduction. The deduction is available for a maximum of 8 years or till the interest is paid, whichever is earlier. Therefore, this has to be claimed in 8 successive years by the tax payer or earlier when the interest is paid in full.You can obtain a statement from the Institution which has provided you the loan to identify the interest payout for each year. ::::: Go on then grab your next degree. Best wishes.

Interest on education loan can be claimed u/s 80E and there is no limit for the same.

 

u r doing ca final too