Income Tax saving for Education Loan?

do I get tax benifit on EMI I pay back ???


do I get tax benifit on interest part of EMI ???


Is there any limit to this benifit ???





When can I claim the Simple Interest part of the Edu Loan for IT benifit ???|||Yes , you do get benefit in taxation on account of payment of loan but ONLY ON interest u/s 80E of the I T Act.


The loan must have been taken for higher studies and deduction shall be allowed for 8 assessment years starting from the asst.years in which the assessee starts paying the interest on loan or until the interest thereon is paid which ever is earlier.