Income Tax Benefit On Self Education - CiteHR
David Haynes
Journalist
Ramesh Rajagopal
Sr. Manager-business Excellence
SandhyaMukunda
Finance & Accounts
+1 Other

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Is there any section in Income tax where we have provision to claim income Tax benefit on self education (Ex: Fees paid for excecutive MBA) Please let me know the details Regards-Ramesh
Hi Ramesh,
Pls refer to section 80E of Income tax, which is about Loan taken on Self Education.
Interest paid on loan taken for self education is exempted upto Rs. 40000/-
Pls go thru the below link for more details.
in.rediff.com/getahead/2006/feb/02loan.htm
Regards,
Sandhya

Dear Ramesh,
I saw the thread which are some 2 yr old..but I am also in same siuitation.part time exe MBA
would like to know if you are able to figure out if we can claim any exemption..
your early rely will be appriciated..
regards
Rajesh

Dear Mr Ramesh
if it is self financed then u will not get any rebate,the section 80E of IT act clearly shows that rebate can be avalied on the intrest paid on loan(in previous year ) taken for higher education.there is no limit regarding amount upto which u can avail benifit, it is limitless,however there is boundation for years upto which u can claim it and ie 7 year.
(for more clarification simply type 80e on the web site of IT Deptt ,u will get to know all the requried detail).
Regards
Atul D

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