Menu
Tuition fee reimbursement
If tution fees reimbursed by central govt to its employees is it income can we avail deduction under 80C up to 100000. Can we avail deduction under any other section other than 80C explain with an example please
Replies (1)
Entire reimbursement is income in the hands of employees. Only tution fee paid can be claimed as deduction u/s 80C
eg. the following reimbursement were made to Mr. X
1) Tuition Fee : 20,000
2) Books Cost : 4,000
Total : 24,000
Rs. 24,000/- will be included in total income of Mr. X and he can claim Rs. 20,000/- u/s 80C
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
