TDS
This query is : Resolved
E S S PRABHAKAR
(Querist)
31 December 2009
Dear sir,
Please help me in this regard:
One of my employee (comes under TDS)is pursing his M.Tech and paid fees an amount of Rs.22,000/- is that amount exempt from tax?if so it is inclusive of 1,00,000(80ccc) or apart from 1,00,000 kindly help me
thankyou sir
sincerely
Prabhakar
Please help me in this regard:
One of my employee (comes under TDS)is pursing his M.Tech and paid fees an amount of Rs.22,000/- is that amount exempt from tax?if so it is inclusive of 1,00,000(80ccc) or apart from 1,00,000 kindly help me
thankyou sir
sincerely
Prabhakar
CA.SHAHZAD SAYYED
(Expert)
31 December 2009
Dear
if you have taken loan for higher education then it's interest repayment is covered u/s 80E & does not count for sec 80CCE.(i-e it will apart from Rs.l lac ceiling)
In any other case it will be count u/s 80C & hence added while calculating total deduction u/s 80CCE
if you have taken loan for higher education then it's interest repayment is covered u/s 80E & does not count for sec 80CCE.(i-e it will apart from Rs.l lac ceiling)
In any other case it will be count u/s 80C & hence added while calculating total deduction u/s 80CCE
CMA Ramesh Krishnan
(Expert)
31 December 2009
The interest on Higher education covered under 80E so it is not covered under 80C
Other than interest you can cover 80C
Other than interest you can cover 80C
Murtaza I Bhagat
(Expert)
01 January 2010
agree
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