<h1>Education loan interest deduction under Section 80E available for interest paid, limited to a prescribed assessment-period.</h1> Section 80E allows an individual to deduct interest paid on an education loan from a financial institution or approved charitable institution for higher education of the borrower, spouse, children, or a student for whom the borrower is guardian; the deduction applies only to interest and operates from the assessment year when interest is first paid for a prescribed limited period or until interest is fully paid.