Perquisite of education facilities

"where such educational institution itself is maintained and owned by the employer or where such free educational facilities are provided in any institution by reason of his being in employment of that employer, the value of the perquisite to the employee shall be determined with reference to the cost of such education in a similar institution in or near the locality if the cost of such education or such benefit per child exceeds Rs. 1,000 p.m."

I hope these lines in Income Tax Act will help you.

Here is my inference:

1. It comes into definition of Perquisite.
2. If it exceeds Rs. 1,000/- per month is taxable. Remember that it is per child.