Child school annual fee - tax exemption
Lakshmipathi (Senior Accounting Analyst) (80 Points)
28 December 2015
Can you please tell me if i can claim child school fee u/s 80C?
3 Replies
CA Reshma K N
(CHARTERED ACCOUNTANT)
(96 Points)
Replied 28 December 2015
Expenditure towards education fees excluding development fees or donations etc., can be claimed as deduction u/s 80C. It should be paid to any universtiy, college, school or other educational institution in India.
The total claim u/s 80C shall be upto Rs. 1,50,000/-. This includes other deductions like insurance premiums paid, PF contribution, housing loan prinicipal etc.,
Lakshmipathi
(Senior Accounting Analyst)
(80 Points)
Replied 28 December 2015
Thanks for your reply. I've two components in my bill, One is Annuall Fee and another one is for Tution fee...whether i can claim both or only one i.e. Tution fee?
CA Reshma K N
(CHARTERED ACCOUNTANT)
(96 Points)
Replied 28 December 2015
You can claim both unless it is in the nature of development fees.
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