Clubbing of minor's income

1500 limit is an annual limit per child.

THe section says that 1500/- or the actual income which ever is least

Hi Manoj,

Rs.1500 is annual limit per minor is deductable.

Rs. 1500 is not adhoc...this is max limit or actaul income whichever is low.

I hope this is clear to you.

Thanks

Harpreet Singh

Rs 1500/- limit is for annual and not monthly.Coming to deduction given to parents it is rs 1500/- or actual income clubbed (added to parent's income) which ever is lower

Originally posted by : Karan Teli
	1500 limit is an annual limit per child. THe section says that 1500/- or the actual income which ever is least

Fully agreed....................