INTERVIEW QUESTIONS LOAN EDUCATION LOAN DETAILS

Question: How long are deductions valid if availed under Section 80E?

Answer: Any education loan taken by self or for children for higher studies will allow you a tax deduction under Section 80E of the IT act. The interest paid for repayment will be exempted from income tax. The deduction is valid for 8 years starting from the day you start repayment for the education loan.

Any education loan taken by self or for children for higher studies will allow you a tax deduction under Section 80E of the IT act. The interest paid for repayment will be exempted from income tax. The deduction is valid for 8 years starting from the day you start repayment for the education loan. Source: CoolInterview.com

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