Section 80E: Deduction for Interest on Education Loan for Higher Studies - Tax India

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Wednesday, February 7, 2018

Section 80E: Deduction for Interest on Education Loan for Higher Studies


A deduction is allowed to an individual for interest on loan taken for pursuing higher education. This loan may have been taken for the taxpayer, spouse or children or for a student for whom the taxpayer is a legal guardian. The deduction is available for a maximum of 8 years (beginning the year in which the interest starts getting repaid) or till the entire interest is repaid, whichever is earlier. There is no restriction on the amount that can be claimed.

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