Children education allowance

This query is : Resolved 

03 February 2012

Whether children education allowance for Rs. 1,000=00 per month as per office memorandum dated 02.08.2008 of Govt of India is exempt from Income Tax?

CMA Ramesh Krishnan (Expert)
03 February 2012

Children education allowance is exempted Rs.100 per month per child (maximum 2 child)

No changes on this.

B Ravi Kumar ACMA, MBA, M Com (Expert)
04 February 2012

Limit for education allowance is for 2 children. It is eligible u/s 80C with max limit of Rs.1 lac. Further details you can visit following link:

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