Children school fees
This query is : Resolved
05 March 2012
Dear Sir / Madam,
I have a break-up of school fees paid for my child who is studying in VI Std to Velammal Vidyalaya Chennai for the year 2011-2012.
1) Admin fee (Rs.10000), Sports fee (700), Amenities(1500), Computer fee (1100), Library fee(550), Lab fee (600), Exam fee (950), Teacher Welfare fund New(1000), Building Fee (1000), Insurance (100), Life Skill(750), Talent Test ID (150), Tuition fee (5000) & Smart Class fee (300) - Totalling Rs.23,700
2) IIT - JEE Coaching - Rs.13,000
3) Guides (1100)
4) September - Tuition Fee - 5000 & Smart Class fee - Rs.300
5) December - Tuition Fee - 5000 & Smart Class fee - Rs.300.
As per Income-Tax Act, How much can I claim as I.T Exemption. Experts request your kind suggestions / views / Comments.
Thanks & Regards
T.Ram Mohan, Chennai
I have a break-up of school fees paid for my child who is studying in VI Std to Velammal Vidyalaya Chennai for the year 2011-2012.
1) Admin fee (Rs.10000), Sports fee (700), Amenities(1500), Computer fee (1100), Library fee(550), Lab fee (600), Exam fee (950), Teacher Welfare fund New(1000), Building Fee (1000), Insurance (100), Life Skill(750), Talent Test ID (150), Tuition fee (5000) & Smart Class fee (300) - Totalling Rs.23,700
2) IIT - JEE Coaching - Rs.13,000
3) Guides (1100)
4) September - Tuition Fee - 5000 & Smart Class fee - Rs.300
5) December - Tuition Fee - 5000 & Smart Class fee - Rs.300.
As per Income-Tax Act, How much can I claim as I.T Exemption. Experts request your kind suggestions / views / Comments.
Thanks & Regards
T.Ram Mohan, Chennai
05 March 2012
Except Amenities, Teacher Welfare Fund, building fee,guides, remaining fee comes under 80C.
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