children education allowances
This query is : Resolved
26 March 2009
hi members warm good morning pls help for my doubt incase i am receiving Rs.3000/-p.a as my education allowance in my company. and also i am paying tution fees for my child Rs.12500/- can i claim both the things as exemption? in case of edu.allow Rs.100/child for 2 children and also entire amount of tution fees in 80c pls help me immediatly
thanks & regards
kumar
mail id: kumar_2628@yahoo.co.in
thanks & regards
kumar
mail id: kumar_2628@yahoo.co.in
26 March 2009
Children's education allowance will not form part of income. It is exempt from tax u/s 10.
Deduction u/s 80C is available for tution fees to the extent of aggregate limit of Rs. 1.00 Lac.
Deduction u/s 80C is available for tution fees to the extent of aggregate limit of Rs. 1.00 Lac.
27 March 2009
U/s 10(14)(ii) in respect of children education allowance deduction is 100 p.m. per child IRRESPECTIVE OF ACTUAL EXPENDITURE.
U/S 80C TUTION FEES OF MAX 2 CHILDREN PAID IN INDIA FOR FULL TIME EDUCATION IS EXEMPTED.
THESE TWO HAS GOT NO RELATION , SO YOU CAN CLAIM BOTH OF THEM , SUBJECT TO OTHER REQUIREMENT OF RESPECTIVE SECTION
U/S 80C TUTION FEES OF MAX 2 CHILDREN PAID IN INDIA FOR FULL TIME EDUCATION IS EXEMPTED.
THESE TWO HAS GOT NO RELATION , SO YOU CAN CLAIM BOTH OF THEM , SUBJECT TO OTHER REQUIREMENT OF RESPECTIVE SECTION
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- TDS offline utility
- Due Date Clarity
- IT returns for fresh job holders
- Banking Related Issue
- Residential status of non resident
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
