Deduction or Rebate in Education Loan

For instance, under Section 80E of the Income Tax Act, 1961, a deduction can be claimed for the interest paid on an education loan taken for higher studies for yourself, your spouse, or your children. This deduction can be claimed for a maximum of eight years or until the interest is paid in full, whichever is earlier.

Subject to the provisions of pescribed educational qualified under the income tax act 1961