Economics · Income Tax Deductions

What is the maximum monetary limit permissible for deduction on interest paid on a loan taken for higher education under Section 80E of the Income Tax Act?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1No upper monetary limit✓
2₹30,000
3₹25,000
4₹20,000

Correct answer

No upper monetary limit

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What is the maximum monetary limit permissible for deduction on interest paid on a loan taken for higher education under Section 80E of the Income Tax Act?

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