Children education allowance & children tution fee

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Vikas (Querist)
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14 January 2013 What is the difference between both.

if I have one kid...and I have paid 5000/- in the year on his education. how will I show it in tax computation?

will I get 1200/- as Edu. Allowance & 5000/- can be shown under tution fee (80C)?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 January 2013 Children Education Allowance : It is received from the employer
If you are in receipt of such allowance from your employer and you really have a school going child you can certainly claim within the prescribed limits.
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Tuition Fee : It is paid by youself and can be claimed U/s 80C.
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Both can be claimed.
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Vikas

Vikas (Querist)
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14 January 2013 thanks for the reply sir...

one of my friend have a school going kid and he receive 2400 edu. allowance from his employer.

he has paid around 5000/- on his education.

it means during his tax computation he will get exemption on 1200/- as edu. allowance + 5000/- as tution fee u/s 80C...m i right sir?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 January 2013 Even though the reply was supposed to be given in respect of your kid, yet the same stands good for your good friend also.
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1200 is an allowance Exempt U/s 10.
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5000 is deductible U/s 80C.
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Vikas

Vikas (Querist)
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14 January 2013 i was just reconfirming sir....thank you so much again for being so helpful....as far as myself is concern...m just married last month....

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