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provision for children education
How much deduction/exemption is there for children education????
Replies (4)
Please read Section 80E
SECTION 10(14)ii
Children Education Allowance Exempt upto rupess 100 per month upto 2 child.
In addition, you can claim tax deduction of up to Rs 1.5 Lakh for the tuition fee under section 80C.
Section 80E is for education loan interest for higher education.
good clarification and information
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