02 August 2011
Is the Employer is also entitled to deduct the Income Tax U/s 192 from the salary of his employees on the payments towards Children Eductaion Allowances over Exemption limit of Rs. 12000/- per annum?
02 August 2011
Children Education allowance is exempt @Rs 100 per month per child upto maximum of two child,hence annual exemption limit will be 1200/- per child and not 12000/-. Yes Employer is entitled to deduct tax on child education allowance if it more than exemption limit
CAclubindia
