Tution fees and deduction
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2012
I have query on tution fees.
A person is getting tution fees paid reimbursed from the employer
in that case can he claim deduction under section 80 C after reimbusrment of the same.
please quote relevant case law/section.
A person is getting tution fees paid reimbursed from the employer
in that case can he claim deduction under section 80 C after reimbusrment of the same.
please quote relevant case law/section.
16 April 2012
In my opinion, the tuition fees reimbursement is covered by Sec 17(3)(ii) of the Act and hence is a taxable perq. for the employee. The employee has to offer the same as taxable income and thereafter can claim deduction u/s 80C.
16 April 2012
I also agree with Swati,
I want to add sec. 10(14) Children education allowance: Rs.100 per month per child upto a maximum 2 children.
I think Sec.10(14)also need to take while calculation of exemption and deduction and excess of this will take into 80C subject to maximum of 1 Lacs.
I want to add sec. 10(14) Children education allowance: Rs.100 per month per child upto a maximum 2 children.
I think Sec.10(14)also need to take while calculation of exemption and deduction and excess of this will take into 80C subject to maximum of 1 Lacs.
16 April 2012
Yes, agreed with experts. Rs.1200/- per child (up to 2 childeren) under section 10(14), & exemption of Taxable Perquisites under Sec.80C
16 April 2012
yes agree with all the expert
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