Tuition fees

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This query is : Resolved

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This discussion clarifies whether tuition fees paid for MBA or PGDM courses at Indian institutions, such as Narsee Monjee, Welingkar, or Symbiosis, are eligible for tax exemption under Clause xvii of Section 80C. The consensus is that these fees can indeed qualify for exemption, provided the conditions stipulated in the clause are met. This includes payments made for full-time education and excludes development fees or donations.

Bindu Bobee

Bindu Bobee (Querist)
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16 April 2020 I want to know whether fees paid for MBA or PGDM to Indian institutes can qualify for tax exemption for children( for eg Narsee Monjee/ Welingkar/Symbiosis etc).

If I have applied for these courses, can I claim exemptions?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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16 April 2020 Clause xvii of section 80C
xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter,
(a) to any university, college, school or other educational institution situated within India;
(b) for the purpose of full-time education of any of the persons specified in sub-section (4);