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Query on 80 E

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MAHENDRAN ARUMUGAM

Engineer

25 Points Posted on 20 April 2021

I am planning to avail education loan for my son and claim 80 E benefits.

My source of income are only through the following sources.

1. Interest on Savings account

2. Interest on Fixed Deposits

3. Interest on 54 EC bonds

4. Short term gain ( Shares, Mutual funds, debt fund etc , Portfolio Managment system)

5. Intraday Trading - Short term gains

6. Long term term gain - (share trading, Mutual funds, Portfolio management system)

7. Short term and long term capital gains ( through selling of real estate)

8. Annuity Retirement plan

Can I avail the 80 E benefits against all the above said sources of income. ? Are there any income (listed above) that may not be considered for 80 E ?

Thanks in advance

Replies (6)

Quick Summary

This discussion clarifies eligibility for Section 80E tax benefits related to education loan interest payments. The user inquired if various income sources, including savings interest, fixed deposits, capital gains (short and long term), and annuity plans, could be used to claim the deduction. The consensus is that interest paid on an education loan is deductible as long as it's paid from taxable income, with long-term capital gains being the primary exception.