Spouse's Education Loan: Unlock Major Tax Benefits for Your Family!

• Good news for those taking education loans in a spouse's name, especially for wife's higher education.
• Interest paid on such loans is eligible for significant tax exemption under income tax rules.
• Tax benefits can be claimed for a maximum of 8 years from the commencement of interest payment.
• Loan must be from public sector banks or government-recognized financial institutions to qualify.
• This strategy aids women's education and offers substantial financial planning advantages.

Why It Matters: Taking an education loan in a spouse's name offers significant tax benefits and supports educational goals.