Section 80E: Education Loan Interest#
What is Section 80E?#
Section 80E allows deduction for interest on education loan.
Eligibility#
- Higher education in India or abroad
- Self, spouse, children, or legal dependent
- Recognized educational institution
Deduction Details#
- Interest paid on education loan
- No limit on amount
- Available for 8 years or till interest paid
Key Points#
- Principal not deductible
- Cannot combine with other sections
Conclusion#
Education loan interest provides significant tax benefit.