31 January 2011
1. Children's tuition fee paid to educational institutions situated in India qualifies for deduction up to1 lakhs per annum, provided the assessee has no other qualified investments covered in section 80 C of the I.T act,1961 2. 80DDB :- Other than senior citizen's actual amount or Rs.40,000/- which ever is less. For senior citizen'sRs. 60,000/- instead of Rs. 40,000/-