TaxTMI 
TaxTMI 
My query is on Education loan:- Wife and husband both had applied for the education loan jointly which was sanctioned by the bank in joint name.Husband is studying after utilising the loan money.Wife being the joint applicant is paying the interest money and some principle amount. Can she claim the tax benefit as she is paying the money.
Tax benefit - interest on education loan
13 Jun 2009 
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Education loan interest deduction allowed to a joint applicant who pays interest for a spouse's higher education.
A joint education-loan applicant who pays the interest may claim the education-loan interest deduction for a loan used for the spouse's higher education; in the described scenario the wife as joint applicant who paid interest is entitled to the deduction, with advisers indicating availability from the stated assessment year. (AI Summary)
A joint education-loan applicant who pays the interest may claim the education-loan interest deduction for a loan used for the spouse's higher education; in the described scenario the wife as joint applicant who paid interest is entitled to the deduction, with advisers indicating availability from the stated assessment year. (AI Summary)