TaXpert
15116 Points
Joined September 2007
congrate Raja V, you are right, but little confused...
see allowances Under section 10(14)(ii) read with Rule 2BB(2), children's education allowance qualifies for an exemption of Rs 100 per month per child subject to a maximum of two children and any allowance granted to meet the hostel expenditure of the employees children qualifies for an exemption of Rs 300 per month per child subject to a maximum of two children. Acc to Sec 80 C (xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter,— (a) to any university, college, school or other educational institution situated within India; (b) for the purpose of full-time education of any two children of such individual. (but that should be with in 1 lacs ) So one can take a exemption u/s 80C as per provision and income tax does not say any thing abt wheather children is dependent or independent but if you will be read the provision than they are assuming that children is dependent Amit hope i also cleared your confusion...
**DM