Dear Sir,
My brother incurred Rs. 1,65,000/- per year for higher education for his daughter.His LIC amount is Rs. 1,00,885/-. How much amount he should claim under section 80C for AY 16-17?
Regards,
Asim Jana
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Deduction on higher education
Replies (6)
tuition fees and lic including not more than 150000/-
Only "tuition fees" portion of school fees is allowed to be deducted u/s 80C. You can check fees receipts.
The amount of LIC and tuition fees cant exceed 150000/-
UPTO 150000 AND ONLY TUITION FEE PORTION IN RECEIPT YOU CAN CLAIM
Sir,
But there is no "tution Fees" head. The amount is paid as per semistar charges.
then not allowed
-To claim deduction of tution fees, head has to be tution fees not semister charges
- U can claim Rs. 150000 LIC u/s 80C
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