Tax saving on educational loan

Dear Sir,

Yes you can clam 80C deduction for tution fees paid and 80E deuction for edu loan together. 

In case of loan against FD or from bank it depends upon the effective interest rate. In your case as your are in 20% slab rate, the effective interest rate will be arounf 10.4% for edu laon. Compare this with the laon against FD interest rate and then take a decision. 

One thing to note is that in case of 80C deduction can be claimed if tution fees is paid to any indian entity whereas in 80E both indian as well as foriegn institutes are covered.