children education allowances

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kumar (Querist)
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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

Vanita Rathi

Vanita Rathi (Expert)
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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.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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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

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