10 March 2012
Dear All, U/S.10 of income tax, Rs.100/- PM Per child is exempt as child education. My question is , If my child is studying in Govt. School & for that I am not paying any fee.Could I take the benefit of Rs.100/-PM.
2nd CASE:- When my child is studying out of india, I couldn't take the benefit of tuition fee u/s.80C but what about exemption of Rs.100/-PM per child.
10 March 2012
1)You can claim examption under section 10 for the receipt of children education fee Rs.100/- per child per month upto maximum of two child irrespective of the actual expenditure made. Because children education allowances expeted which is lower of the actual receipt or limit prescribed under section 10 but not linked or based on the actual expenditure made. 2) Deduction availed under section 10 deduction under section 80C not avail because double deduction not available for the same nature. OM SAI SRI SAI JAI JAI SAI