I HAVE ONE DOUBT IN SECTION 80C DEDUCTION
WHEN A SALARIED PERSON GETS REIMBURSEMENT OF TUTION FEE FROM EMPLOYER
THEN
IS EMPLOYEE GETS DEDUCTION UNDER SECTION 80C OR NOT
Menu
80C DEDUCTION
Replies (10)
dear sudhir,
undobtedly you can take deduction.
yes sudhir ,,,,salaried employee can take deduction u/s 80c but in other hand the reimbursed tuition fees include in his income as well as...........
First reimbursed amount will be included in salary income of the employee as a perk... later clain deduction is 80C... Net effect is Nil.
ya 80c deduction can be taken
First of all i want to clear u that under sec. 80 C deduction is given on Payment basis,
Thearfor Payment made for tutuion fees is deductible up to a limit of Rs.100000/-
Its doesn't matter that later on it is reimbushment by Employers.
WILL BE INCLUDED IN THE GROSS SALARY FIRST ....AND THE DEDUCTION U/S 80C CAN BE CLAIMED
SANJAY
First of all reimbursed amount will be included in the gross salary and after then we can get deduction with the limit specified in law u/s 80c
thank you guys
Tution Fees reimbursed is first added to Salary Income and the same can be claimed as deduction u/s 80C subject to the maximum limit of Rs.1 lac.
Recent Threads
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
Related Threads
CAclubindia
