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?
Children education allowance is exempted Rs.100 per month per child (maximum 2 child)
No changes on this.
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: