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30th November 2015, 04:57 PM
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Possibility to claim Income Tax Deduction if pay interest at the beginning against Education Loan?


Hello,
We wish to avail Education Loan for our son's studies for MBA. Please let me know if we pay interest on Education Loan from beginning of the course then can we claim Income Tax Deduction from our salary? Please let me know through which section we can claim Income Tax relief? Because we have already crossed the limit of Rs. 1 Lac under 80C. If it comes under 80C, it is not beneficial to us if we pay the interest and can my son claim Income Tax relief after he joins his service.




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Do you have any question? or have anything to say?



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