Maximum education expenses allowed

A taxpayer can claim a maximum deduction of Rs 1.5 lakh on the tuition fees paid for up to 2 children to any university, college, school or other educational institution situated in India

The following exemption* is provided to a salaried taxpayer in India:

Childrens' Education Allowance: INR 100 per month per child up to a maximum of 2 children.

Hostel Expenditure Allowance: INR 300 per month per child up to a maximum of 2 children.

(*Only if expenses are incurred in India as per Section 10(14) of the income tax act)

A taxpayer can claim a maximum deduction of Rs 1.5 lakh on the tuition fees paid for up to 2 children to any university, college, school or other educational institution situated in India

The following exemption* is provided to a salaried taxpayer in India:

Childrens' Education Allowance: INR 100 per month per child up to a maximum of 2 children.

Hostel Expenditure Allowance: INR 300 per month per child up to a maximum of 2 children.

(*Only if expenses are incurred in India as per Section 10(14) of the income tax act)

Within 80C only, and only tuition fees:

• Sec 80C(2)(xvii): tuition fees (excluding development fees, donations or capitation) paid to a university, college, school or other educational institution in India for full-time education of up to 2 children. It's within the overall Rs 1.5 lakh 80C limit.

• Each parent can claim for up to 2 children (so 4 children in total can be covered between the two parents).

• Not for self or spouse, coaching classes, or foreign institutions. Old regime only.

• For self-education loans, 80E covers interest (no limit, 8 years).