Yes both of you can claim deduction u/s 80C up to a maximum of 1,50,000 each. You can claim deduction up to 1,50,000 and your wife can claim deduction of 70,000.
Deduction under 80C: spouses can separately claim education-related deductions based on their individual contributions and limits.
Spouses who each make genuine payments toward a child's education may separately claim a deduction under deduction u/s 80C based on their respective contributions, with each spouse's claim limited by the statutory individual ceiling; the wife may claim her actual payment and the husband may claim up to the maximum permissible individual deduction.
Note: It is a system-generated summary and is for quick reference only.
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