Tax Rebate Calculator

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Total Education Loan Amount (₹) Interest Rate (%) Loan Tenure (Years) Annual Income (₹) Select Tax Regime

Results

₹ 0 Total Interest Paid

₹ 0 Maximum Eligible Deduction (80E)

₹ 0 Total Tax Savings

₹ 0 Effective Loan Cost After Tax Savings

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80E Tax Benefit (Old Regime Only)

You can claim deduction on interest paid up to ₹2,00,000 per year
Tax savings = Deduction × Income Tax Rate
New Regime → NO tax benefit

Income Tax Slabs (Old Regime + Surcharge ignored for simplicity)

We will use the standard slabs:

Annual Income	Tax Rate
Up to 2.5L	0%
2.5L – 5L	5%
5L – 10L	20%
10L+	30%

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