Before college, and while repayingGuidelineMoney step

Education loan? Note the tax deduction
Interest on the loan is deductible for up to 8 years under section 129.
Why It Matters (Clinical Guidance)
- Whoever repays the loan, parent or student, can claim the interest, for the first year of repayment and 7 more years.
- The loan must be from a bank or an approved institution, not from relatives.
- It applies under the old tax regime. Ask a CA which regime suits you.
Primary Citation: Income-tax Act 2025, s.129 (old 80E)
Last checked: October 2026 • Medical review panel forming