Learner
4016 Points
Joined December 2009
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.