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Calculate Section 80E deduction and education tax benefits
Annual Tax Savings
Effective Interest Cost
Total Interest Paid
Section 80E allows unlimited deduction of education loan interest (no cap) for 8 years from repayment start. Full interest amount deductible unlike other loans (₹2L cap on home loan interest). If paying ₹5L annual interest at 30% tax slab: ₹1.5L tax savings yearly. Over 8-year repayment: ₹12L total tax saving on ₹40L interest. Makes education loan after-tax cost much lower than nominal rate.
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.