Education loan interest



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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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
 
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"Do the Right Thing...!!!"

Yes.... I agreed to Mr Giridhar S Karandikar...

Mother can't avail deduction.
 
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yes
 
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no she can't
 
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