Section 80E

What is Section 80E?

80E is section of Income Tax Act in which individual can claim repayment (Interest part)of education loan taken for self, spouse or children' education from any financial institution, charitable institute or banks. Education loan taken for full time courses are only eligible. Principal repayment of education loan can not be claimed under this section.


Individual can claim under this section for 8 years (starting from loan repayment first installment) or till principal and interest amount have been repaid, whichever comes earlier.


Limit of Section 80E:

There is no limit under this section. Individual can claim whole interest repayment of education loan taken for self, spouse or dependents.