We know that there is a deduction available u/s 80C in regard tuition fees of children for full time study in India, maximum upto for 2 children. Are the tuition fees like in school level, graduate level and post graduate level eligible? i.e. payment to school , college, university eligible for deduction?
26 December 2013
Yes, payment of tution fees to any school, college or educational institute situated in India for full time education of maximum 2 children is available as deduction subject to ceiling limit of 1lakh.
CAclubindia
