As per Income tax rule we get Partly Exemption on Child Education Allowance i.e. Rs. 100/month/child for two children, but how some body claims Rs. 1000/- or more what ever they paid for education fees. Now I want to know is their any else provision or rule for this ?
Menu
Child education allowance
Replies (7)
Hello Sir,
Children education allowance is exempt upto maximum of 2 child and is 100 per child per month, means in a year you will get:
100*2*12= Rs.2400
Under section 80C of IT act Deduction under this section is available for tuition fees paid on two children’s education, subject to maximum limit of 1.50 Lakhs along with other deductions under 80C
Sir,
But their limitiation is given i.e. Rs. 100/month/child, If our tution fees is near about 15000 p.a. and after adding this amount my total investment under 80C Rs. 1,30,000/- approx. then can I get this whole exemption from tax.
Hi Sir,
If I actul Child education fee paying Rs. 15000 p.a. for my single child then I will get exemption only Rs. 2400/- ?
Yes, if you receive any amount as allowance for education of children you can claim the same from your salary,
And apart from this tutuion fees paid by you shall be allowed as deduction under section 80C.
Please note you cannot take the benefit of same under two different heads
IF YOU ARE RECEIVING CEA FROM YOUR EMPLOYER, THAT ALLOWANCE WILL BE EXEMPT UPTO 100 P.M. FOR MAXIMUM TWO CHILDREN. BUT TUITION FEE PAID BY YOU WILL BE EXEMPT UPTO 150000.P.A.
Thanks Varun,
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
