Paragraph match score 84.7%
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How to Save Tax with Saving Plans?
Similarly, under Section 80E, taxpayers can claim a deduction for the interest paid on an education loan for higher education. Section 80G provides for tax deduction on the amounts paid by you as donations to charities, social organisations, relief funds etc.
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Income Tax Deductions Available
Under Section 80G, donations made to a charitable organisation are eligible for deduction from taxable income. Under Section 80E, you can claim a 100% deduction for up to 8 years on the interest on an education loan.