Chartered Accountant
1572 Points
Joined August 2008
In respect of education, a parent can claim a deduction on the amount paid of tuition fees paid to any university, college, school or any other educational institution. Other components of fees such as development fees, transport fees are not eligible for deduction u/s 80C.Only tuition fees part of the total fees paid is allowed for deduction.
The maximum deduction on payments made towards tuition fee can be claimed up to INR 1.50 lakh together with the deduction in respect of insurance, provident fund, pension etc. in a financial year.
It can only be claimed in respect of two dependent children and for fees paid to an educational institution, college or school.