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Education loan deduction

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(Querist)
23 July 2009 Hi,I am an employee in MNC and want to pursue Executive MBA course.Its cost around 1 lac. If I take Education loan does it qualify for deduction under income tax as I am pursuing course with full time working in company?
Thanks for the reply.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 July 2009 Interest paid on education loan will qualify for deduction u/s 80E
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Venkat Rao Marella

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Venkat Rao Marella (Expert)
23 July 2009 No issues. The interest portion will be eligible for Sec 80E deduction.
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