School fees deduction can we claim
ABHI KUMAR (735 Points)
24 July 2021
can we claim school fees in 80 c what is the rule of deduction of school fees
9 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 24 July 2021
Upto 12000 rupees under children education allowance 80C can be claimed
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 24 July 2021
Yes school fees can be claimed
Deepak Kumar
(791 Points)
Replied 25 July 2021
I think school fees deduction not claimed only Tution Fees deduction claim in 80C
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 25 July 2021
School fee or tution fee are same in income tax and same is allowed as deduction u/s 80C upto Rs. 150000.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 25 July 2021
Both school fees and tuition fees are deducted under 80C
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 25 July 2021
Tution Fees are not eligible for deduction, only school fee allowed.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 25 July 2021
For salaried employees with up to 2 children, tuition fees paid in the entire academic year per child are tax-deductible. This means that a working couple can claim tax benefits for four children in total at two each. The maximum tax credit available under this head is Rs 1.5 lakh as specified in Section 80C
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
School fee, u can take deduction u/s 80C up to overall limit of Rs. 1.5 lakh
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