Children education allowance

This query is : Resolved

Mayank Arora (Querist)
Follow

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

CMA Ramesh Krishnan (Expert)
Follow

03 February 2012 Children education allowance is exempted Rs.100 per month per child (maximum 2 child)

No changes on this.

Message likes : 1 times

B Ravi Kumar ACMA, MBA, M Com

B Ravi Kumar ACMA, MBA, M Com (Expert)
Follow

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:

http://taxguru.in/income-tax/deduction-us-80c-for-tuitionschool-fees-paid-for-education-of-children.html