Section 80E (Education Loan Interest)
Definition
Unlimited deduction for interest paid on education loan taken for higher education of self, spouse, or children. Available only under the Old Tax Regime.
In Context
Interest deduction available for 8 consecutive years from the financial year of first loan repayment. No cap on amount — full interest amount is deductible. Applies only to interest, not principal repayment.
Related Terms
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