Tution fee query

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Is it possible to claim deduction u/s 80C for tution fee paid to IIM for full time MBA course?

Replies (7)

If course is full time then only Deduction is allowed......u/s 80C

 

yes,but to the extent of rs. 1 lakh

  • Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children.
  • limited to rs 100000
Originally posted by : CA rahul


Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children.

limited to rs 100000
 

Thanks guys for replying. Just wanted to confirm it.

 

yes you can claim but upto Rs.100000/- only...

Only tution fees & only to the extent of Rs.100000.00 will be allowed.

Tuition fees, whether at the time of admission or thereafter, paid to any university, college, school or other educational institution situated in India, for the purpose of full-time education of any two children of the employee.

Full-time education includes any educational course offered by any university, college, school or other educational institution to a student who is enrolled full-time for the said course. It is also clarified that full-time education includes play-school activities, pre-nursery and nursery classes.

It is clarified that the amount allowable as tuition fees shall include any payment of fee to any university, college, school or other educational institution in India except the amount representing payment in the nature of development fees or donation or capitation fees or payment of similar nature.

subject to a limit of Rs. 1,00,000/-:

 


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