How to add deductions u/s 80E?

Section 80E allows a deduction for interest paid on repayment of education loans taken for higher education. The deduction u/s 80E is not available for principal repayment of the education loan.

There is no monetary limit under this section. An individual can claim the total interest amount paid as a deduction. However, a deduction is available only for 8 consecutive years.

Adding deductions under Section 80E,

Educating your children is a priority and sometimes it can be really costly, but worry not you can claim deductions on interest you pay on education loans using the steps below,

1. Navigate to Save > Begin/Edit > Deductions > Add/Proceed.
2. Select Section 80E and click on Proceed.
3. Add the Interest paid on the Education Loan.
   
4. Once you have added the amounts correctly, click on Save.

Want to see the deductions that you just added? Go to the summary view under, Tax Situation > Deductions.