Section 8OE of Income Tax Act: 80E Deduction, Eligibility & Exemption

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What Is the Amount Deductible Under Section 80E?

There is no specified limit on education loan deduction under section 80E. Therefore, the tax benefits on interest payment aren’t affected by the principal amount and interest rate levied by lending institutions.

Here is a table to explain how Section 80E calculation for deduction works. This amount can vary according to income and other particulars.

Particulars	Amount
Income of an individual	₹ 5,00,000
Subtracted- Interest repaid (80E deduction)	₹ 1,00,000
Net Taxable Income	₹ 4,00,000

Section 80E of Income Tax Act

What Is Section 80E?

What Is the Amount Deductible Under Section 80E?

Who Is Eligible to Claim Tax Deductions Under Section 80E?

What Are the Documents Required to Claim Deductions Under Section 80E?

Frequently Asked Questions

✓ Can an individual studying in foreign universities get an education loan interest deduction under section 80E?

✓ Can I gain income tax exemption under section 80E against a home loan?

More article about Income Tax in India

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