Educational Allowance as per IT
This query is : Resolved
01 April 2008
Respected Sir,
I want know Educational Allowance allowed as per Income Tax Act Financial Year 2007-08 ?
Is it Undersection 80C ?
In which Section Provident Fund Employee
contribution is exampt?
Your immediate reply will be highly appreaciated
Thanking you
Your faithfully
Vilas Choudhari
Respected Sir,
I want know Educational Allowance allowed as per Income Tax Act Financial Year 2007-08 ?
Is it Undersection 80C ?
In which Section Provident Fund Employee
contribution is exampt?
Your immediate reply will be highly appreaciated
Thanking you
Your faithfully
Vilas Choudhari
01 April 2008
Education allowance is allowance ..its not a deduction... ED. All. is RS.100 P.M max 2 child.
PF is exempted us 80C
PF is exempted us 80C
01 April 2008
Education Allowance:- Rs 100 p.m. for a max of 2 children
*If the child is staying in a hostel a max of Rs 300 p.m. for a max of 2 children.
PF is an instrument which is exempt u/s 80 c.
*If the child is staying in a hostel a max of Rs 300 p.m. for a max of 2 children.
PF is an instrument which is exempt u/s 80 c.
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