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Exemption of twins child

VIRENDER SINGH GUSAIN (ACCOUNTS EXECUTIVE) (46 Points)

30 January 2015  

Dear Sir/Madam,

If an assessee has first children twins, then what will be the exempt income for Children Education allowance US 10(14). Please suggest.

Is it Rs.100 x 1 x 12 = Rs.1200

or it will be Rs. 100 x 2 x12 = Rs.2400

Regards

Virender Singh Gusain

P.S. : Assessee has only these twins only.

 


 8 Replies

Ram M. Dixit (CA Final (Author)) (376 Points)
Replied 30 January 2015

This allowance is Rs.100 per child for maximum two children.

So Rs. 2400/-  will be allowed.

vishalsingh (Student) (23 Points)
Replied 30 January 2015

befor no limite child 1/10/1998 after limit max 2

CA Pankaj Kr Agrawal (@Helping Hand) (2138 Points)
Replied 30 January 2015

Hi,

 

Children Education Allowance and Hostel Allowance allowed to the children of employee :

 

 

 

Children Education Allowance

Hostel Allowance

Monthly Exemption

Upto Rs. 100 p.m. / child
Max 2 child is exempt

Upto Rs.300 p.m. /child
Max 2 child is exempt

Lump sum Exemption

Rs. 1,200 per child is exempt
Max Rs.2,400 exempt

Rs.3,600 per child is exempt. Rs.7,200 is exempt.

 

 

Exemption u/s 10(14)(ii) read with Rule 2BB(ii) is Rs. 100 per month per child to the maximum of 2 children irrespective of actual expenses.

Arif Ali (Apt Co Advisory) (1225 Points)
Replied 31 January 2015

Originally posted by : VIRENDER SINGH GUSAIN
Dear Sir/Madam,

If an assessee has first children twins, then what will be the exempt income for Children Education allowance US 10(14). Please suggest.

Is it Rs.100 x 1 x 12 = Rs.1200

or it will be Rs. 100 x 2 x12 = Rs.2400

Regards

Virender Singh Gusain

P.S. : Assessee has only these twins only.

 
 


 

 

you can claim 2400.00 .i.e. 100 x 2 x 12 = 2400.

Arif Ali (Apt Co Advisory) (1225 Points)
Replied 31 January 2015

Originally posted by : CA Pankaj K Agrawal
Hi,

 


Children Education Allowance and Hostel Allowance allowed to the children of employee :

 

 






 


Children Education Allowance


Hostel Allowance




Monthly Exemption


Upto Rs. 100 p.m. / child
Max 2 child is exempt


Upto Rs.300 p.m. /child
Max 2 child is exempt




Lump sum Exemption


Rs. 1,200 per child is exempt
Max Rs.2,400 exempt


Rs.3,600 per child is exempt. Rs.7,200 is exempt.





 

 

Exemption u/s 10(14)(ii) read with Rule 2BB(ii) is Rs. 100 per month per child to the maximum of 2 children irrespective of actual expenses so Rs. 1200 (Rs. 50* 2 *12) will be exempted.

 

Hi Pankaj, can you please explain why only 1200 allowed.  (50 x 2 x 12 = 1200)

manoj (student) (5193 Points)
Replied 01 February 2015

Only 2 children are allowed

Jayan K (2 Points)
Replied 16 July 2019

Hi

I have 3 children. Elder girl 9 yrs and younger twins 4 yrs. All three are getting CEA. In the case of second delivery twins how much is  IT exemption, 2400 or 3600? 

Manjeet Kaur (student) (74 Points)
Replied 16 July 2019

Rs. 2400/- only. No further exemption for twins...


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