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Children education allowance (Income Tax)

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This query is : Resolved


( Author )
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:

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


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