PCC TAX SALARIES

Children education Allowance is exempted to the extent of Rs. 100P.M. per children up to a maximum of 2 children.

regards...............

ratan

In my view the provison says Rs 1000 is exempt and the rest of amount would be taxable.

Suppose he is allowing Rs.80pm for each of 2 child then it is fully exempted.......and if the amt is Rs.150 pm for each of 2 child then 50*2*12 will be taxable.

Divya First of all are you asking about Valuation of Perquisite in respect of Education facilities u/s 17 or about children allowance u/s 10

Children edu. Allow. is exempted to the extent of Rs. 100P.M. per children up to a maximum of 2 children.and more than  Rs 100 is taxable

okay..tanq frnds..

All the above said abt C.E.A. is true bt i think she is asking abt perquisite-  FREE EDUCATION U/S 17(2)(iii)/3(5) which says exemption shall be allowed to children irrespective of the no. of children upto Rs. 1000 p.m. if the employer has provided so.

Hi Friends!

where should i get supplimentary book for income tax for may 2010 for pe 2 exams?

Kindly send me if any one has for AY2009-10 (new amendments/changesin direct tax and CST)to me email id:yadwad82 @ gamil.com

Regards

Prabhu