Education Loan - Tax Relief U/s 80E : Apart from Tuition Fees, the Loan could cover expenses like Hostel Charges, Library / Laboratory Fees, Travel Expenses and Passage money for studies abroad. The borrower can claim Tax Exemptio
7/19/2016 · Only interest paid on an educational loan is allowed as deduction u/s. 80E of The Income Tax Act, 1961, out of his/her income chargeable to tax i.e. Deduction will be allowed only when actual interest is paid.
When you take an education loan for the higher studies, then the deduction is allowed towards interest on educational loan u/s 80E of the Income Tax Act for the payment of Interest paid towards this loan.