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education loan

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18 May 2010 In form 16 educational loan intrest or principal amt. exempt f yeas than in which section exempt for the year 2009-10
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Rahul Gupta

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Rahul Gupta (Expert)
18 May 2010 Any interest paid on Education Loan is exempt u/s 80E of IT Act.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
18 May 2010 principle amount is taxable but interest is exempt u/s 80E
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
18 May 2010 Principal repayment of education loan is not taxable. It is not an income (unless the obligation is met by the employer).

Deduction u/s.80E is available on interest part.

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