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What is deduction under section 80E?

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80E - Deduction in respect of interest loan taken for higher education

Eligible Assessee

Individual

Conditions
  1. Loan must have been taken for the purpose of higher education of self or relative.
  2. Loan must have been from any financial institution or approved charitable institution.

Period of Deduction

For total 8 years or entire repayment whichever is earlier.

Meaning

Higher Education: Any course after 12th standard.

Relative: Spouse & Children
80e, 80e deduction, education loan, higher studies, interest paid on education loan, chapter vi a, income tax This article explains about 80E deduction, under chapter VIA. It also explains about the limit of 80E deduction and applicabiity.

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