Deduction for education loan interest - Section 324

Deduction on interest paid on loan taken for higher education of self, spouse, children, or legal ward. No upper limit. Deduction for 8 years or until interest is fully paid, whichever is earlier.

Key provisions

• Deduction on interest paid on loan taken for higher education of self, spouse, children, or legal ward. No upper limit. Deduction for 8 years or until interest is fully paid, whichever is earlier.

Use via API

curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/324

{
  "act_2025_ref": "324",
  "old_reference": "Section 80E, Income Tax Act 1961",
  "title": "Deduction for education loan interest - Section 324",
  "category": "Section",
  "limit_or_rate": "-",
  "applicable_to": "-",
  "effective_from": "2026-04-01"
}