Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Tuition fees under 80c

Rakesh (Proprietor) (70 Points)

17 January 2015

Hello,

What is max tuition fee deductions allowed under 80C ? Earlier I recall they had some 12000 per child/year, whats the latest ?

Thanks

Rakesh

Reply
Follow
Share

10 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 17 January 2015

Originally posted by : Rakesh
	Hello, What is max tuition fee deductions allowed under 80C ? Earlier I recall they had some 12000 per child/year, whats the latest ? Thanks Rakesh

u/s 80C, maximum deduction available is Rs. 1,50,000/- w.e.f. A.Y. 2015-16.
.
What you are talking about is ‘children education allowance’ u/s 10(14)(ii) read with rule 2BB(2), which is exempt upto actual amount received per child or Rs. 100 p.m. per child upto a max. of 2 children, whichever is less.

Rakesh (Proprietor) (70 Points)
Replied 17 January 2015

Thanks Deepakji, I dont get any Children education allowance so that Section 10(14)(ii) isnt applicable. But I do pay more than 150000 as TUITION FEES so I will claim 150000 under 80C.This is my understanding from your answer. I hope I have understood correctly.

Thanks

Sathish M (Management Accountant) (40581 Points)
Replied 17 January 2015

You can claim deduction as tuition fees under section 80C to the extent of amount paid excluding of any payment made towards any development fees or donation or payment of similar nature.

Rakesh (Proprietor) (70 Points)
Replied 18 January 2015

Thanks Satishji, I am paying 175000 as Tuition fees which is written on receipt so I can claim 150,000 , right .

satyashi (Student C.A. final) (212 Points)
Replied 19 January 2015

MAXIMUM LIMIT ALLOWABLE U/S 80 C I.e rs 1,50,000/- for the A.Y.2015-16 IS ALLOWABLE AS DEDUCTION.

Thank You

KUNAL MEHER (article assistant.) (21 Points)
Replied 19 January 2015

sir, u will only get deduction for Rs 1200 per child and for 2 children upto Rs 2400 a year at maximum

CA CS Saurabh Rathi (Chartered Accountant) (42 Points)
Replied 19 January 2015

Mr. Rakesh..

You are correct .. you can claim Rs. 150000 u/s 80C towards tution fees !!

sanchit aggarwal (--) (32 Points)
Replied 20 January 2015

But that ttn fees should be for full time education .! Such as school fees and not any fees for professional course !

Rakesh (Proprietor) (70 Points)
Replied 24 January 2015

Originally posted by : KUNAL MEHER
	sir, u will only get deduction for Rs 1200 per child and for 2 children upto Rs 2400 a year at maximum Kunal says above but that other boarder says 150,000. I am confused. Help me out please