Children education allowance & children tution fee

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This query is : Resolved

Vikas (Querist)

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)

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)

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)

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)

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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