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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- TDS ON EMAIL DOMAIN SERVICE BILL
- Capital gain on sale and purchase of plot
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
