Tax saving on educational loan

babugr (dgm) (489 Points)

27 February 2015  

Dear Experts,

Kindly advise me on the following:

1. Can I avail tution fees u/s 80C and education loan intt. u/s 80 E simultaneously for my child

2. Edu. loan available at 12.75% - 13%, whereas I can take loan against FD with 1% higher intt. rate, in such case can I avail tution fees & intt u/s 80 c & 80 e

3. Finally is it advisable to take loan or self finance from FD from tax saving angle, as I am bit confused, I am a senior citizen with about 10 Lacs income and a tax expected 95000 for FY 2015-16

thanks

GR Babu