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Hiii, Education loan..
by Sandeep Kumar on Apr 24, 2007 01:43 PM   Permalink | Hide replies

Can U Please tell me if I am Paying 60000 Education loan in a year then Can I Invest 1,00,000 ......... Pls help..

Regards,
Sandeep


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  RE:Hiii, Education loan..
by Amitabh on Apr 24, 2007 01:52 PM   Permalink
Deduction for interest payment of education loan under Sec 80E has got nothing to do with deduction for investments under Sec 80C.For education loan,you will get the deduction only for interest repayment,whatever the amount,if you satisfy the conditions given in Sec 80E.The deduction under Sec 80C for investments,repayment of hoam loan principal,etc will not be affected by it.

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  RE:Hiii, Education loan..
by Amitabh on Apr 24, 2007 01:52 PM   Permalink
Deduction for interest payment of education loan under Sec 80E has got nothing to do with deduction for investments under Sec 80C.For education loan,you will get the deduction only for interest repayment,whatever the amount,if you satisfy the conditions given in Sec 80E.The deduction under Sec 80C for investments,repayment of hoam loan principal,etc will not be affected by it.

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All these incomes are tax-free