Private College Student Loan

Kindly help me to find the section of Income Tax of India under which Interest of education Loan is exempted,?

Under section 24 of Income tax of India, interest upto 1.50 Lac is deductable from gross salary but what about interest paid for educational loan.

Public Comments

1. Sec.24 is the interest paid on home loan. Education loan interest is exempt under Sec. 80E. There is no limit for deduction of interest like Sec.24. Any amount of interest can be claimed. More details are given in the below web site. http://in.rediff.com/getahead/2006/feb/02loan.htm http://www.expressindia.com/news/fullstory.php?newsid=82869#compstory