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Home loan is also taken from State Bank of India, and my wife is the main applicant and I am the co-applicant. EMI is being paid from my wife's bank account.

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My wife is not claiming tax exemption on this. Can I claim tax exemption on a home loan on which I am also a co-applicant?

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I am arranging money for my wife's bank account. My company says that you cannot claim as the EMI is going through your wife's bank account.

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An individual or a HUF can claim two tax benefits in respect of home loan. The first deduction is also taken for purchase/construction of a residential house.

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Deduction for repayment of home loan principal is also available under section 80C in respect of home loans taken from specified entities.

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and other benefit is available under section 24(b) in respect of money borrowed from anyone in respect of interest paid for construction/purchase/repair/renovation of any asset

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And it is not necessary that it has been taken from the specified institutions. To claim both these deductions, you need to fulfill two basic conditions.

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Firstly, you must be the owner of the house whether it is a sole owner or a joint owner. Secondly, you should be either the sole borrower or co-borrower and repay the home loan.

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You can claim both these deductions in proportion to your respective share in the home loan, which need not even be equal to your share in the property

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