Section 80E Education Loan Interest Calculator
Calculate deduction on interest paid for higher education loan under Section 80E.
Calculate 80E Deduction
80E Deduction Result
Enter loan interest details to calculate deduction.
Section 80E Rules
Eligible Courses
- Any course after passing Class 12 (or equivalent)
- Graduate, Post-graduate, Professional courses
- Vocational studies
- Courses in India or abroad
- Full-time courses from recognized institutions
Key Points
- No Limit: Unlike 80C, there's no upper limit on 80E deduction
- Only Interest: Deduction is for interest only, not principal
- 8-Year Window: Maximum 8 consecutive years from repayment start
- NOT in New Regime: 80E is NOT available in new tax regime
FAQs
No, there is no upper limit. You can claim deduction for the entire interest amount paid during the year.
Yes, you can claim 80E deduction for education loan taken for your children's higher education.
No, Section 80E deduction is NOT available in the new tax regime. It can only be claimed under the old regime.
No, only interest paid is eligible under 80E. Principal repayment is not deductible under this section.
Maximum 8 years starting from the year you begin repaying the loan, or until the interest is fully paid, whichever is earlier.
No, loan must be from a bank, financial institution, or approved charitable institution. Personal loans from relatives don't qualify.
Yes, interest accrued during moratorium period, when claimed in subsequent years, is eligible for 80E deduction.
Yes, vocational studies/courses pursued after Class 12 from recognized institutions are eligible for 80E benefit.