Advanced LevellegalSingle Choice

How can students claim tax benefits on education loans?

Answer Options:

A

Only principal amount is tax deductible

B

Interest deductible under Section 80E, no upper limit, for 8 years

C

No tax benefits available on education loan interest

D

Tax benefit limited to ₹50,000 per year

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This question is part of our comprehensive financial literacy quizzes designed for Indian teens.