Self study fee consider for tax saving?

Tax planning 956 views 6 replies

Hi Sir /Mamdam

                    I am paying education fee (RS 30200) for my self higher study (for BE) from JNTU university.can these be considered for tax  saving?
 

Replies (6)

s u can

Yes You can claim it as a deduction under 80-C from your total income.

Regards,

Abhi

THESE PAYMENTS ARE ABSOLUTELY ALLOWED FOR DEDUCTION U\S 80C UPTO ITS OWN LIMIT OF RS 100000.

 

 

NO NO NO NO U R NOT ELIGIBLE FOR TAX BENIFIT u/s 80C 

 

DEDUTION U/s 80C – Tution Fees

1. Conditions :

i)     The deduction is available to Individual Assessee and not for HUF.

ii)    The Deduction is available for any two children.

2. This is the only clause u/s 80 C where assessee cannot claim tax benefit for expenditure done on himself. Means if assessee has paid tuition fees for his studies, he will not be eligible.

3. Deduction is not available for tuition fees paid for studies of spouse.

4. The deduction is available for Full Time courses only, so no deduction for part time or distance learning courses.

5. The fees should be paid to university, college, school or other educational institution, so no rebate for private tuitions.

6. Tuition fees paid for coaching courses for admission in professional courses or any other type of courses are not covered as that fees is not paid for FULL time education.

You can claim Deduction U/s 80E for Interest on Education Loan paid by your self.

Phani kumar is right

self study fee is not allow u/s 80c.

thanks


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