Education loan repayment

POSTED BY Haranath ON May 14, 2013 2:11 am ONE COMMENT

I have taken education loan for my son higher education in US.loan amount is Rs 20 lacs. His studywillbe done by next month and we consumed almost Rs 20 lacs. Repayment will start by Dec 2013. I was guardian for the loan. My wife will share loan repayment emi. Can we both take income tax benefit in 80E ?

One reply on this article “Education loan repayment”

  1. Dear Haranath, if your wife is not a co-borrower in the education loan, she can not claim tax benefit merely on the basis of EMI shared with you.

    Thanks

    Ashal

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