Education Loan Tax Benefit Calculator
Enter your education loan interest to see the 80E tax saving — there's no cap on the deduction.
Runs entirely in your browser — your numbers never leave this page.
How it works
80E is one of India's most generous deductions:
- No cap: the entire interest paid is deductible — Rs 2L or Rs 10L, all of it.
- 8 years: from the year repayment begins, for 8 assessment years.
- Interest only: principal repayment gets no deduction (unlike home loans).
- Who: loans for higher education of self, spouse, children (or a student you're guardian of).
- Old regime only: the new regime offers no 80E benefit.
- Strategy: in the 8-year window, stretching repayment maximizes tax saved; after it, prepay aggressively.
Frequently asked questions
What is 80E deduction?
Full deduction on education loan interest paid — no upper cap — for 8 years from the start of repayment.
Is there a limit on 80E?
No — the entire interest amount is deductible, unlike 80C's Rs 1.5L cap.
Who can claim 80E?
Individuals repaying education loans for their own, spouse's, or children's higher education.
For how many years?
8 assessment years starting from the year repayment begins.
Principal or interest?
Interest only. Principal repayment on education loans gets no deduction.
Does the new regime allow 80E?
No — 80E is old-regime only.
Can a parent claim for a child's loan?
Yes — whoever repays the interest claims the deduction.
What counts as higher education?
Full-time studies after senior secondary — in India or abroad, any field.
Should I prepay or stretch the loan?
During the 8-year window, the tax shield favors stretching; after it ends, prepay. This calculator shows the annual saving.
Do I need a certificate?
Yes — get the interest certificate from your lender each year for filing.