Deduction u/s 80c for tution fee paid

This query is : Resolved

Nakul Jain (Querist)
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26 March 2014 I have taken loan for higher education of My Children. Can I Take Deduction of Tution Fee Paid through Education Loan.

Total Fee including Hostel Rs. 200000
Tution Fee in Abovementioned Amount Rs. 79000

Bank Paid : Rs. 150000
I Paid : Rs. 50000

How Much Total Deduction is available to me on Account of Tution Fee ?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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26 March 2014 You are eligible for deduction u/s80C is Rs.79000(provided such fees paid to the education institute which is established in India, means your children doing higher studies in India).

As well as amount of interest repaid on education loan is eligible for deduction u/s 80E

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