Deduction Under Section 80E - Educational Loan

Tax Glossary Definition

Deduction Under Section 80E - Educational Loan

Deduction Under Section 80E – The interest paid on an education loan for higher studies is fully deductible from total income, with no upper limit, for a maximum of loan is repaid eight years or whichever is earlier.

Example: ₹50,000 interest paid on a student loan can be fully claimed as a deduction

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