Income Tax on Education Loan

I have taken an education loan on my name but every month the instalment gets debited from my fathers account and i deposit the money in my fathers account. now i want to know whether i will be eligible for tax saving under section 80 for the repayment of interest on education loan or not

asked Sep 19 '12 at 11:59 by bbejasmine 12

In case loan account is in your name and bank can provide interest certificate on your name, then you would be able to claim deduction u/s 80E.

answered Sep 19 '12 at 23:30 by Pankaj Batra 5.2k320

can you please explain in detail about the Loan account
(Sep 22 '12 at 10:23) bbejasmine
Bank will provide a interest certificate and whose name is mentioned on that, should be able to get tax deduction.
(Sep 23 '12 at 17:31) Pankaj Batra

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Asked: Sep 19 '12 at 11:59

Seen: 1,977 times

Last updated: Sep 23 '12 at 17:31