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children education allowance
I have get cea from govt 35100 for two child how much tax on cea
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Under section 10(14) of IT act........ Children Education Allowance ..........Up to Rs. 100 per month per child up to a maximum of 2 children is exempt.
Allowances paid for hostel is exempt to the extent of Rs. 300 per month for maximum 2 children.
Remaining amount is added to salary....... and taxed as per slab.
100*12= 1200*2 = 2400 will be allowed as exemption from Rs. 35100
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