DEDUCTION

Tax planning 672 views 5 replies
CAN A SALARIED EMPLOYEE CLAIM FOR DEDUCTION OF "EDUCATION EXPENSES" FROM SALARY INCOME ? & IF YES WHAT IS THE MAXIMUM LIMIT & UNDER WHAT SECTION IT COMES. PLS HELP ME OUT.
Replies (5)

Dear Sir,

Sec 10(14) read with Rule 2BB -

For Education of assessee himself - any allowance granted for encouraging the academic, research and training pursuits in educational and research institutions

Amount of allowance or amount of expenditure whichever is less shall be exempt.

Children Education allowance  - Rs. 100/child per month upto maximum of 2 child.

Amount of allowance or above limit shall be exempt.

Sec 80C - Assessee can claim "Tution Fess" paid as deduction in respect of education of  maximum of two children.

Sec 80E - Interest of education loan is allowed as deduction -for education of Individual, spouse or children.



Dear Sir,

Sec 10(14) read with Rule 2BB -

For Education of assessee himself - any allowance granted for encouraging the academic, research and training pursuits in educational and research institutions

Amount of allowance or amount of expenditure whichever is less shall be exempt.

Children Education allowance  - Rs. 100/child per month upto maximum of 2 child.

Amount of allowance or above limit shall be exempt.

Sec 80C - Assessee can claim "Tution Fess" paid as deduction in respect of education of  maximum of two children.

Sec 80E - Interest of education loan is allowed as deduction -for education of Individual, spouse or children.

totally agree with Amir

If there is no allowance from employer for children education, then Rs. 100 per child can be claim ? Is there any proofs have to submit by the Employee for claiming the amount

Originally posted by : NIDHI PARKASH
Please express deduction under 80u for income tax rebate.whether the disability certificates of 60% and 80% are necessary to get this benefits?


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