How to Claim Tax Deduction on Education Loans Under Section 80E

Under Section 80E of the Income Tax Act, you can deduct the entire interest paid on an education loan from your taxable income. There is no maximum cap on this deduction.

• Applies only to individual tax payers (not HUFs or corporate accounts).
• Valid for a maximum of 8 years or until the interest is fully paid off, whichever is earlier.
• Covers study loans taken for yourself, spouse, or children.