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| This query is : Resolved
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CMA. Subhash Kumar Jha
( Author )
03 March 2009
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Sir,
what is the maximum limit of tuition fees allowed under section 80C ?
Urgent.
Subhash
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B.Chackrapani Warrier
( Expert )
03 March 2009
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There is no separate sub limit for tuition fee. In other words allowable maximum can be Rs.1 lakh if you don't have any other investments, like p.f, l.i.c . n.sc, p.p.f etc,covered under 80C.
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CA Devanshi Gandhi (Ajani)
( Expert )
03 March 2009
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maximum 100000 section 80C reads as :
any sum paid as tution fees (not including development fees/donations/and similar nature) whether at the time of admission or otherwise to any university/college/education institution in India for full time education.
deduction amount is :
gross qualifying amount or 100000 which ever is LESS.
gross qualifying amount includes lic premium, ppf, nsc VIII n others......so if its only tution fees than maximum 100000 can be claimed U/S 80C.
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CA.MANOJ LAMBA
( Expert )
03 March 2009
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there is no seperate limit for tution fees. it is covered u/s 80c the limit of which is 100000
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CA. Gurdeep Singh Chawla
( Expert )
03 March 2009
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no separate sub limit
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CA.Tarun Maheshwari
( Expert )
03 March 2009
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You can claim it upto Rs. 100,000/- if no other investment is there.
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Arun Dongre
( Expert )
17 February 2011
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But limited only up to 2 children.
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