Therefore tax planning is a must for all tax payer. One of the best way to save tax for those tax payers who have children who are either just entering college or going to take professional degree course, must think about not investing his own savings in education. Rather he should take the educational loan which is easily available these days. Thus , for at least 8 years he /she will have ways to deduct the income which will grow in future years. So here is the complete provision about deduction u/s 80E.