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Amod Ranjan (Service)     13 February 2012

Exemption on school fees

Please let me know the exemtion amount on tution fees or school fees of child under 80c.



 6 Replies

Dipjyoti Majumdar

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )     13 February 2012

1 Lakh. It is not exemption but deduction from gross total income

CA SENTHIL PRABHU

CA SENTHIL PRABHU (CHARTERED ACCOUNTANT)     13 February 2012

Under 80C you can claim deduction upto a maximum of Rs. 1 Lac.

CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     14 February 2012

 

  1. Deduction for tuition Fees is available up to Rs.100000 /-
  2. The limit of one lac as above is total limit u/s 80C for all type of savings ,plus section 80CCC(pension policy) plus u/s 80CCD(Contributory Pension Plan).Means the aggregate amount of deduction under above referred sections can not exceed Rs. 1,00,000.
  3. The deduction is available to Individual Assessee and not for HUF.
  4. The Deduction is available for any two children.
  5. This the only clause u/s 80 C where assessee can not claim tax benefit for expenditure done on himself.Means if assessee has paid tuition fess for his studies ,he will not be eligible.
  6. Deduction is not available for tuition fees paid for studies of spouse.
  7. The deduction is available for Full Time courses only,so no deduction for part time or distance learning courses.(This is my opinion but point is not very clear)
  8. The fees should be paid to university, college, school or other educational institution,so no rebate for private tuitions.
  9. Tuition fees paid for coaching courses for admission in professional courses or any other type of courses are not covered as that fees is not paid for FULL time eduction.
  10. The center mention above in point 8 must be situated in India,so location should be in India though it can be affiliated to any foreign institutes.
  11. In This section tuition fees has a wide meaning than normal parlance ,means here tuition fees means total fees paid minus any payment towards any development fees or donation or payment of similar nature.so admission fees is also allowed.
  12. In My Opinion Transport charges ,hostel charges,Mess charges ,library fees ,scooter/cycle/car stand charges is not allowed.
  13. Building fund or any donation etc not allowed.


CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     14 February 2012

Que:Can Mother claim the benefit of tuition fees paid for his son/daughter.

Ans:Assessee means both mother and father both can take the benefit u/s 80 C for amount paid by them respectively.

Ques:If a couple have four children,can they both claim fees for two children each?

Ans:Yes ,husband and wife both have a separate limit of two children each ,so they can claim deduction for 2 children each.

Ques:If a Couple has one child and paid a fees of 200000 rs can they both claim tuition fess 100000 each ?

Ans. :yes ,they both can claim deduction for 100000 each subject to they have actually paid same amount .If husband has paid 1.50lac and wife has paid 50000 then husband can claim 100000 and wife can claim 50000.

Ques:Ram has paid tuition fees for his child 2000/- in January 2012 relates to period march to june 2012 ,how much amount he can claim deduction in assessment year 2012-13?

Ans: He can claim full 2000 rs in assessment year 2012-13 , as this deduction is available on the basis of payment and it may or may not be related to the period in which it has been paid.

Ques: Is Late fees paid with tuition fees is eligible for deduction ?

Ans:No,late fees is not eligible for deduction.


 
Ques:is tuition fees admissible for pre nursery class also?
 
Ans: pre-nursery ,play school and nursery class fees is also covered under section 80C (circular 9/2008 & 8/2007)
 
Ques:Ram has paid Rs 46000 (Rs 8000 admission fees, Rs 5000 development fees Rs 5000 caution money, Rs 12000 annual charges and Rs 16000 @ Rs 2000 per month for March-Oct 2012 fees) in January 2012. How much he can claim reimbursement as well rebates/deductions in Financial year  2011-12 and 2012-13.

Ans:As explained above in the article, tuition fees meaning is wide in income tax as generally perceived ,so in my opinion admission fees rs 8000 ,12000 annual charges and 16000 fees is covered for claim u/s 80C .Development fees is not allowed and caution money,as it is refundable amount ,hence not allowed.You can claim the tuition fees on payment basis whether relates to this financial year ,old or coming financial year.

ques:Are there any particular educational courses for which income tax exemption is given?

Ans:No specific course defined in the Income tax act ,but course should be in India and a full time course

Ques:My Son has been going to Play School Since 01/04/2011. Can I claim the fee paid during the year under Children's Education(80-C). The receipt given by the school shows quarterly fee, & not tuition fee.
 
Ans:You can claim tuition fees paid for playway school.but the break up of the fees should be obtained from the school .Take a certificate from scholl authorities regarding full year fees on letter head with their seal. 
J S BHAVSAR

J S BHAVSAR (CONSULTING)     01 June 2017

If school tuition fee cheque was paid from the kid's father's bank account then can the mother claim the deduction on her income tax return?

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     01 June 2017

From A.Y.15-16 limit of Deduction u/s 80C increased to Rs.150000/-.

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