Clearence of deduction under 80 c
if a person getting 2400 education allowance for his 2 children but he is paying 15000 on their education , so can he claim the 15000 on under 80 c deduction.
Replies (2)
Definately he can claim the portion of Tuition Fees paid by him for his children u/s 80C. Allowances and deduction under chapter VI-A are the two different aspects. Allowances are fixed in nature and children education allowance is exempt upto Rs. 100/- per month per child (maximum of two children). Deduction u/s 80C is limited to Rs. 150000/-. Thus, he can claim Rs. 15000/- u/s 80C but check twice that the Rs. 15000/- is the amt of tuition fees only.
Thanks Sir for your support,
Sir actually I received quarterly school fees receipt from my collogue.
tuition fees is separately mention on this receipt. & the total of tuition fees paid in F.Y. is 15000.
.
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