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deduction to employees for children education    Click here to Write Reply
sir

what are deduction available for children education allowance tution fees etc

thanks

amit rawat
Post by - amit rawat , Apr 21 2018 12:08PM Last Post By - ramesh bhatia Apr 21 2018 12:11PM


Reply by - ramesh bhatia , Apr 21 2018 12:11PM
Exemption for Children education & Hostel Expenditure
Following exemption  is provided to an employees for expenses done in india u/s 10(14):
• Children Education Allowance: Rs 100 per month per child up to a maximum of 2 children.
• Hostel Expenditure Allowance: Rs.300 per month per child up to a maximum of 2 children.

Deduction of payment made towards Tuition Fees under section 80C : 
Deduction u/s 80c is available upto maximum of Rs. 1.50 lacs  for amount paid as tution fees  to any university college school or any other educational institution. Other components of fees such as development feestransport fees are not eligible for deduction u/s 80C.Only tuition fees part of the total fees paid is allowed for deduction.

How to claim: Employee to submit form 12BB to the employer for the said deduction along with necssary supporting like fees rcpts.  

Both deduction are available separately: Please note that Children education allowance i.e part of salary structure & fees paid towards tuition fees of the Children are both different deductions & is therefore can be claimed respectively within the limit prescribed(as mentioned above) as per the  income tax Act.