As per Section 80-E of Income Tax Act, 1961
Is there any tax benefit on interest paid on education loan?
Yes, HDFC Credila's Education Loan borrower or co-borrower can avail a tax benefit under Section 80E of Income Tax Act, 1961.
Who can avail tax benefit on education loan?
An individual can avail of tax benefit on interest paid on an education loan for self or a relative, meaning spouse, child or a student for whom the individual is a legal guardian.
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