Children education allowance & children tution fee
This query is : Resolved
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)?
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)?
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.
.
Tuition Fee : It is paid by youself and can be claimed U/s 80C.
.
Both can be claimed.
.
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.
.
Tuition Fee : It is paid by youself and can be claimed U/s 80C.
.
Both can be claimed.
.
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?
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?
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.
.
1200 is an allowance Exempt U/s 10.
.
5000 is deductible U/s 80C.
.
.
1200 is an allowance Exempt U/s 10.
.
5000 is deductible U/s 80C.
.
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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