Children Educ & Hostel Allowance
This query is : Resolved
MANISH GUPTA
(Querist)
09 May 2009
tell me about Children education Allowance & Children hostel expenditure Allowance.
i want to know that exempted amount Rs. 100 per child P.M. upto 2 children & 300 per child P.M. upto 2 children is applicable when employee has child or not if employee has not a child than i can take a exemption upto 2 children or not
i want to know that exempted amount Rs. 100 per child P.M. upto 2 children & 300 per child P.M. upto 2 children is applicable when employee has child or not if employee has not a child than i can take a exemption upto 2 children or not
CA PARAS BAFNA
(Expert)
10 May 2009
No, You can not claim exemption if -
1. You do not have any child.
2. If you have but he neither goes to a school nor he lives in a hostel.
You may claim exemption only -
1. If he/she goes to school. You can claim only Rs 100/ per month. If you have 3 school going children you can claim max Rs 200/-per month only. For the third child if you want to avail exemption for only Hostel Expenditure Allowance , it will be allowed upto Rs 300/- only.
2. If your 2 children go to school you can claim Rs 200/- and If you have admitted them into a hostel also, (200+300)*2=1000 (this is maximum)
It is clear from the above that presently
you can take allowance from your employer but you can not take exemption.
1. You do not have any child.
2. If you have but he neither goes to a school nor he lives in a hostel.
You may claim exemption only -
1. If he/she goes to school. You can claim only Rs 100/ per month. If you have 3 school going children you can claim max Rs 200/-per month only. For the third child if you want to avail exemption for only Hostel Expenditure Allowance , it will be allowed upto Rs 300/- only.
2. If your 2 children go to school you can claim Rs 200/- and If you have admitted them into a hostel also, (200+300)*2=1000 (this is maximum)
It is clear from the above that presently
you can take allowance from your employer but you can not take exemption.
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