Hi
My son got education loan from Government Bank to study at abroad. The loan is in the name of 1.My son and 2 Myself.
My wife is guarantor.
I am a retired member.
Since my son is studying and I am a retired person my
wife is paying monthly education loan interest.
My wife is paying monthly income tax from her salary.
Here I want to know the above transaction is apparant is my wife is eligible to claim income tax exemption. Kindly clarify.
Thanks and Regards
Sivakumar R
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Education loan interest
Replies (4)
no she can't since she's only a guarantor though she's paying the emi
loan is in the name of yourself and son , so you can only avail the deduction under 80E
loan is in the name of yourself and son , so you can only avail the deduction under 80E
Yes.... I agreed to Mr Giridhar S Karandikar...
Mother can't avail deduction.
Mother can't avail deduction.
yes
no she can't
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