Limit u/s 80C-school fees

 Rs.100/- per month for per child Rs.1200/- for year is exempt.

Rs. 100 per month per child upto 2 children is exempt from Tax.

You can claim upto Rs. 1 Lakh (Consolidated- LIC + School Fees, NSC, etc. etc or full schoold fees)  u/s 80C

UNDER SECTION 80 C YOU CAN CLIAM UPTO 1LAK ..

SEE THIS FILE FOR MORE DETAILS...

Originally posted by : Devendra
	Rs. 100 per month per child upto 2 children is exempt from Tax.

U r not talking about sec 80C,u r qouting Sec 10(14) under which Rs 100/month exemption is available from education allowance received from the employer. However under section 80C deduction of  Rs 1lac(among other expenses) is available to an assessee for amount of tuition fees paid during the previous year...

you can cliam deduction upto Rs.1 lakh for the fees paid during the previous year

You can avail deduction upto Rs.1 lacs.

Regards

Dayananda

You can claim upto Rs. 1 Lakh (Consolidated- LIC + School Fees, NSC, etc. etc or full schoold fees)  u/s 80C

Dear balkrishan you can avail the benefit for tuition fee for the children Us-80C as mentioned below:-

1. You have the limit of upto 100 per month per child for maximum of 2 children i.e. the maximum amount you avil is 2400 for the whole year.

2. Further while calculating the tuition fees plz remember the word"TUITION FEES" i.e. you can get the benefit for the same only excluding the development fees, academic fees, maintenance & other similar fees levied by the institutions.

Regards,

PAnkaj

9716972838

hi balkrishana,

ap per it act u can claim deduction upto Rs. 1 lac but for 2 childrens under section 80C (please also note that deduction can be cliamed only for tution fees)

Tuition fee may be any amount but not exceeding Rs.1,00,000 Under 80c max.exemption limit is.1,00,000/- i.e.(80c+80ccc+80ccd)

No offence please but why people are saying deduction u.s 80C is Rs 100 per month per child. Have I missed something or people are wrong????

no such limit of Rs 100 per month per child exists for tution fees deduction u/s 80C

Exact relevant wording 80C:

(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 of the persons specified in sub-section (4);