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Interest paid on education loan is tax deductible under Section 80E

Saturday, December 2, 2017, 12:22 PM

If you have taken an education loan for yourself, spouse or children, then the interest-paid on the loan qualify for tax benefit under Section 80E. The best thing here is that there is no upper limit on the amount of deduction. But the criteria is that the loan must have been taken from a financial-institution or approved charitable institution and for full-time higher education.
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