Dear Sir,
I am Abhijit, working as a Finance professional in an INGO. I want to ask what is the tax exemption limit for Child Education allowance. Earlier, it was Rs. 100 for one child (Upto 2 children) means Rs. 2400 for two children. Is there any change in this slab??
Mr. Abhijit, it's same for this year also.
Mr Abhijee; yOU can claim the tution fee only of the college for two children. However you can not claim other charges , which are taken by the college. The claim of tution fees of two children is covered under the section 80-C. And the limiti of section 80 C, is Rs. 100000.00.
C A K C AGARWAL, ALLAHABAD
M N Rao & Associates LLP
Vijayawada
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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