{"id":2333,"date":"2023-03-13T14:21:42","date_gmt":"2023-03-13T08:51:42","guid":{"rendered":"https:\/\/fly.finance\/blog\/?post_type=web-story&#038;p=2333"},"modified":"2023-03-13T14:21:42","modified_gmt":"2023-03-13T08:51:42","slug":"tax-benefits-on-education-loan","status":"publish","type":"web-story","link":"https:\/\/fly.finance\/blog\/web-stories\/tax-benefits-on-education-loan\/","title":{"rendered":"Check out Tax benefits on Education Loans"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Source+Serif+Pro%3Awght%40700&amp;family=Noto+Serif&amp;family=Rubik%3Awght%40700\" 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style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-7168c872-cf13-42a0-8804-57e3ea67a81b\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.33394736842105405% 0;font-family:&quot;Source Serif Pro&quot;,serif;font-size:0.873786em;line-height:1.3;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Tax Benefits on Education Loan<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.54693%;width:25.72816%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1bde21a6-1dc3-4217-bb91-292303287822\">\n<div style=\"position:absolute;width:100%;height:103.84404%;left:0%;top:-1.92202%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" 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template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:16.34304%;width:75.48544%;height:47.89644%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6430868167202572% 0.6430868167202572% 0.6430868167202572% 0.6430868167202572% \/ 0.6756756756756757% 0.6756756756756757% 0.6756756756756757% 0.6756756756756757%\" id=\"el-546ba497-9d98-4996-855b-17dbb375563d\">\n<h2 id=\"section-80e-of-the-income-tax-act-offers-tax-deductions-on-the-amount-of-interest-paid-towards-education-loans\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;color:transparent\">Section 80E of the Income Tax Act offers tax deductions on the amount of interest paid towards education loans.<\/span><\/span><\/h2>\n<h2 id=\"section-80e-of-the-income-tax-act-offers-tax-deductions-on-the-amount-of-interest-paid-towards-education-loans-2\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none;position:absolute;top:0;left:0;right:0\" aria-hidden=\"true\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;background:none\"><span style=\"color: #fff\">Section 80E of the Income Tax Act offers tax deductions on the amount of interest paid towards education loans.&nbsp;<\/span><\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.54693%;width:25.72816%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d2afceed-ae1c-4f01-ab53-a918db4e288b\">\n<div style=\"position:absolute;width:100%;height:103.84404%;left:0%;top:-1.92202%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png\" alt=\"Wings (1)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png 500w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-300x173.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-150x87.png 150w\" sizes=\"(min-width: 1024px) 12vh, 26vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"d9847887-d8bb-4555-a433-5a8c948fc47a\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#f3f3f3\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-2633c12e-0288-406f-9939-ccfc10192713\">\n<div style=\"position:absolute;width:266.43458%;height:100%;left:-122.31986%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4592&amp;h=3064&amp;fit=max\" alt=\"media\/unsplash:yIIFNiEKkYI\" srcSet=\"https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4592&amp;h=3064&amp;fit=max 4592w,https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3673&amp;h=2451&amp;fit=max 3673w,https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2755&amp;h=1838&amp;fit=max 2755w,https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1836&amp;h=1225&amp;fit=max 1836w,https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=918&amp;h=613&amp;fit=max 918w,https:\/\/images.unsplash.com\/photo-1634474588707-de99f09285c0?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxN3x8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.37864%;top:18.93204%;width:75.48544%;height:61.16505%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6430868167202572% 0.6430868167202572% 0.6430868167202572% 0.6430868167202572% \/ 0.5291005291005291% 0.5291005291005291% 0.5291005291005291% 0.5291005291005291%\" id=\"el-94f485a1-5f38-4be9-ada5-e9a05c2f6dc1\">\n<h2 id=\"this-section-is-applicable-for-all-kinds-of-education-loans-such-as-those-taken-for-higher-education-professional-courses-and-even-vocational-courses\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;color:transparent\">This section is applicable for all kinds of education loans, such as those taken for higher education, professional courses, and even vocational courses.<\/span><\/span><\/h2>\n<h2 id=\"this-section-is-applicable-for-all-kinds-of-education-loans-such-as-those-taken-for-higher-education-professional-courses-and-even-vocational-courses-2\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none;position:absolute;top:0;left:0;right:0\" aria-hidden=\"true\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;background:none\"><span style=\"color: #fff\">This section is applicable for all kinds of education loans, such as those taken for higher education, professional courses, and even vocational courses.<\/span><\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.54693%;width:25.72816%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cb777f86-8f35-4549-8b05-797290a39640\">\n<div style=\"position:absolute;width:100%;height:103.84404%;left:0%;top:-1.92202%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png\" alt=\"Wings (1)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png 500w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-300x173.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-150x87.png 150w\" sizes=\"(min-width: 1024px) 12vh, 26vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"bd987082-2490-4664-a1b1-382e3e0f8ae0\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#8c8c8c\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7cd0471b-5abe-4a00-9402-1b7ba357b6e4\">\n<div style=\"position:absolute;width:316.04939%;height:100%;left:-108.02469%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4000&amp;h=2250&amp;fit=max\" alt=\"100 us dollar bill\" srcSet=\"https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4000&amp;h=2250&amp;fit=max 4000w,https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3200&amp;h=1800&amp;fit=max 3200w,https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2400&amp;h=1350&amp;fit=max 2400w,https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1600&amp;h=900&amp;fit=max 1600w,https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=800&amp;h=450&amp;fit=max 800w,https:\/\/images.unsplash.com\/photo-1583916011819-e4b81836bb57?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwxOHx8bG9hbnxlbnwwfHx8fDE2NzcwMzQ0MDU&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=191&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 142vh, 316vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:35.76052%;width:75.48544%;height:27.83172%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6430868167202572% 0.6430868167202572% 0.6430868167202572% 0.6430868167202572% \/ 1.1627906976744187% 1.1627906976744187% 1.1627906976744187% 1.1627906976744187%\" id=\"el-b4fe3d56-e89e-429d-9a3d-a491459f4b3e\">\n<h2 id=\"there-is-no-cap-on-the-interest-rate-which-qualifies-to-be-deducted\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;color:transparent\">there is no cap on the interest rate which qualifies to be deducted.<\/span><\/span><\/h2>\n<h2 id=\"there-is-no-cap-on-the-interest-rate-which-qualifies-to-be-deducted-2\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none;position:absolute;top:0;left:0;right:0\" aria-hidden=\"true\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;background:none\"><span style=\"color: #fff\">there is no cap on the interest rate which qualifies to be deducted.<\/span><\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.54693%;width:25.72816%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-777bd941-058a-4e79-893a-3ca06f61f989\">\n<div style=\"position:absolute;width:100%;height:103.84404%;left:0%;top:-1.92202%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png\" alt=\"Wings (1)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1.png 500w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-300x173.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-150x87.png 150w\" sizes=\"(min-width: 1024px) 12vh, 26vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"3cc40a0f-61c2-4f27-a611-8434f64d5340\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d9f3d9\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-061f2c54-d65b-4b7c-bfd0-b80eec98ec74\">\n<div style=\"position:absolute;width:266.37713%;height:100%;left:-83.18856%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=7360&amp;h=4912&amp;fit=max\" alt=\"man writing on paper\" srcSet=\"https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=7360&amp;h=4912&amp;fit=max 7360w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5888&amp;h=3930&amp;fit=max 5888w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4416&amp;h=2947&amp;fit=max 4416w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2944&amp;h=1965&amp;fit=max 2944w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1472&amp;h=982&amp;fit=max 1472w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=MnwxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY3NzAzNDQwNQ&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:22.97735%;width:75.48544%;height:47.89644%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6430868167202572% 0.6430868167202572% 0.6430868167202572% 0.6430868167202572% \/ 0.6756756756756757% 0.6756756756756757% 0.6756756756756757% 0.6756756756756757%\" id=\"el-094acc39-12c2-46bf-93c6-3e5706238d8a\">\n<h2 id=\"the-income-tax-benefit-can-be-claimed-in-the-year-in-which-you-paid-the-principal-amount-as-well-as-interest-component\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;color:transparent\">The income tax benefit can be claimed in the year in which you paid the principal amount as well as interest component.<\/span><\/span><\/h2>\n<h2 id=\"the-income-tax-benefit-can-be-claimed-in-the-year-in-which-you-paid-the-principal-amount-as-well-as-interest-component-2\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Noto Serif&quot;,serif;font-size:0.485437em;line-height:calc(1.1em + 0.2666669413332729em);text-align:center;padding:0;color:#000000;background-color:rgba(0,0,0,0.5);background:none;position:absolute;top:0;left:0;right:0\" aria-hidden=\"true\"><span style=\"display:block;position:relative;left:0;top:0;margin:1.2627800944533762% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span style=\"background-color:rgba(0,0,0,0.5);-webkit-box-decoration-break:clone;box-decoration-break:clone;position:relative;padding:1.2861736334405145% 2.572347266881029%;text-align:center;border-radius:2px 2px 2px 2px;background:none\"><span style=\"color: #fff\">The income tax benefit can be claimed in the year in which you paid the principal amount as well as interest component.&nbsp;<\/span><\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.54693%;width:25.72816%;height:9.54693%;opacity:1\">\n<div 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6.0606060606060606% 6.0606060606060606%;pointer-events:initial;display:block;z-index:0\" id=\"el-a3f9d51b-5890-4455-b4b5-51872bfe94bd\"><a href=\"https:\/\/leverageedu.com\/blog\/education-loan-tax-benefits\/\" data-tooltip-icon=\"https:\/\/images.leverageedu.com\/assets\/img\/logo.svg\" data-tooltip-text=\"Stanford University: Ranking, Fees, Eligibility, Admissions | Leverage Edu\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\"><\/p>\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0;font-family:&quot;Rubik&quot;,sans-serif;font-size:0.323625em;line-height:calc(1.4em + 0.39999999999999997em);text-align:center;padding:0;color:#000000;background-color:#000;background:none\"><span style=\"display:block;position:relative;left:0;top:0;margin:-0.678233438485804% 0;-webkit-box-decoration-break:clone;box-decoration-break:clone\"><span 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300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/01\/25150723\/Wings-1-150x87.png 150w\" sizes=\"(min-width: 1024px) 27vh, 61vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax benefits on Education Loan<\/p>\n","protected":false},"author":2,"featured_media":2336,"template":"","meta":{"web_stories_publisher_logo":1519,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[40,161],"web_story_tag":[164,236,162],"class_list":["post-2333","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Check out Tax benefits on Education Loans - Fly Finance<\/title>\n<meta name=\"description\" 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