IF a person have 2 child 1. child tuition fees is 24492 2 child tuition fees is 26628 total is 51120 he is eligible for deduction or not
Replies (4)
Quick Summary
This discussion clarifies the eligibility of tuition fees for deduction under Section 80C of the Income Tax Act. Generally, tuition fees paid to schools and colleges for up to two children are eligible for deduction, provided the total deduction does not exceed the Rs. 1,50,000 limit. However, fees paid to coaching centres are not eligible for this deduction.
Deduction under section 80C is allowed upto maximum amount of Rs.1,50,000/-. Therefore, full amount of tution fees will be allowable as deduction under these section of Rs.51,120/- but subject to a maximum limit of Rs.1,50,000/-.