Deduction Under Section 80E of Income Tax Act

Everything you need to Know about Section 80E

Section 80E has been introduced to provide relief to students taking loans for higher studies. It provides deduction in respect of interest on loan taken for higher education. If higher education is supported by education loan, then interest paid on it can reduce your taxes.
The loan should be taken for the higher education of self, spouse or children or for a student for whom the individual is a legal guardian.

With this video, we shall help you in answering points like -

1. What is section 80E?
2. Eligibility under section 80E
3. What is a qualified loan?
4. Deduction amount under section 80E.

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For more information on Section 80E, the various amendments and substitution of new section, click on the following link - http://search.incometaxindia.gov.in/p...


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