{"id":7945,"date":"2025-07-16T13:02:07","date_gmt":"2025-07-16T13:02:07","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7945"},"modified":"2025-07-16T13:02:08","modified_gmt":"2025-07-16T13:02:08","slug":"section-80e","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/section-80e\/","title":{"rendered":"Section 80E"},"content":{"rendered":"<p><strong><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/section-80e\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Section 80E<\/a><\/strong> of the <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax-act\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Income Tax Act<\/a> lets you <strong>claim a <a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tax\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>tax<\/a> deduction on the interest paid<\/strong> on an education loan. It&#x2019;s meant to support individuals who borrow money to fund <strong>higher education<\/strong>, either for themselves or close family.<\/p>\n\n\n\n<p><em>Think of it as the government giving you a &#x201C;thank you&#x201D; for investing in learning.<\/em><\/p>\n\n\n\n<h2 id=\"what-can-you-claim-under-80e\" class=\"wp-block-heading\">What Can You Claim Under 80E?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Only the <strong>interest portion<\/strong> of your education loan EMI is eligible.<\/li>\n\n\n\n<li>There&#x2019;s <strong>no cap<\/strong> (no upper limit) on how much interest you can claim.<\/li>\n\n\n\n<li><strong>Principal repayment<\/strong> is <strong>not eligible<\/strong> under 80E.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"who-can-claim\" class=\"wp-block-heading\">Who Can Claim?<\/h2>\n\n\n\n<p>You can claim Section 80E if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You&#x2019;ve taken a loan from a <strong>bank, financial institution, or approved charitable trust<\/strong>.<\/li>\n\n\n\n<li>The loan is for <strong>higher education<\/strong> of:\n<ul class=\"wp-block-list\">\n<li>Yourself<\/li>\n\n\n\n<li>Your spouse<\/li>\n\n\n\n<li>Your children<\/li>\n\n\n\n<li>A legal ward (if you&#x2019;re their guardian)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>You&#x2019;re the one <strong>repaying the loan<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><em>Companies or firms cannot claim this benefit&#x2014;only individuals.<\/em><\/p>\n\n\n\n<h2 id=\"what-qualifies-as-higher-education\" class=\"wp-block-heading\">What Qualifies as Higher Education?<\/h2>\n\n\n\n<p>Any course (in India or abroad) after completing 12th grade:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Engineering, medicine, MBA, MS, etc.<\/li>\n\n\n\n<li>Full-time or part-time, vocational or academic<\/li>\n\n\n\n<li>Includes courses from recognized foreign unive<a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/rsi\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>rsi<\/a>ties too<\/li>\n<\/ul>\n\n\n\n<h2 id=\"deduction-duration\" class=\"wp-block-heading\">Deduction Duration<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can claim it for <strong>up to 8 co<a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/nse\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>nse<\/a>cutive financial years<\/strong><\/li>\n\n\n\n<li>Or until you finish paying the interest&#x2014;<strong>whichever comes first<\/strong><\/li>\n\n\n\n<li>The deduction starts from the year you <strong>begin repaying<\/strong> the loan<\/li>\n<\/ul>\n\n\n\n<h2 id=\"real-life-example\" class=\"wp-block-heading\">Real-Life Example<\/h2>\n\n\n\n<p>Let&#x2019;s say you took an education loan for your MBA and paid &#x20B9;1.8 lakh in interest in a year:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can claim <strong>&#x20B9;1.8 lakh as deduction<\/strong> under Section 80E from your taxable income.<\/li>\n\n\n\n<li>If your income was &#x20B9;10 lakh, your <strong>taxable income becomes &#x20B9;8.2 lakh<\/strong>, reducing your tax bill.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"quick-summary\" class=\"wp-block-heading\">Quick Summary<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Feature<\/strong><\/th><th><strong>Details<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Eligible expense<\/td><td>Interest on education loan<\/td><\/tr><tr><td>Max limit<\/td><td>No upper cap<\/td><\/tr><tr><td>Who can claim<\/td><td>Individual borrower<\/td><\/tr><tr><td>For whose education<\/td><td>Self, spouse, children, ward<\/td><\/tr><tr><td>Loan from<\/td><td>Banks, NBFCs, approved trusts<\/td><\/tr><tr><td>Duration of benefit<\/td><td>Up to 8 years<\/td><\/tr><tr><td>Course eligibility<\/td><td>Higher education (India\/abroad)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"final-takeaway\" class=\"wp-block-heading\">Final Takeaway<\/h2>\n\n\n\n<p>Section 80E helps you lower your taxes while investing in education. If you&#x2019;re paying off an education loan, don&#x2019;t miss this valuable deduction&#x2014;it&#x2019;s one of the few without a limit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 80E of the <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Income Tax<\/a> Act lets you claim a tax deduction on the interest paid on an education loan. It&#x2019;s meant to support individuals who borrow money to fund higher education, either for themselves or close family. Think of it as the government giving you a &#x201C;thank you&#x201D; for investing in learning. What [&#x2026;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7945","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7945\/revisions"}],"predecessor-version":[{"id":7946,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7945\/revisions\/7946"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}