Section 80C - Child Education Fees
This query is : Resolved
03 September 2008
An employee getting Rs 2400 as child education fees allowance for two children.
He is actually paying Rs 5000 as tution fees for both the child.
How much deduction can he claim u/s 80C
He is actually paying Rs 5000 as tution fees for both the child.
How much deduction can he claim u/s 80C
03 September 2008
The assessee can claim Rs. 5000 X 12 = Rs. 60000 as deduction u/s 80C .
04 September 2008
Thanks you Sir. The figures I quoted were on annual basis.
Still based on your reply, I assume that employee can claim Rs 2400 as exempted allowance from employer u/s 10(14)
and can still claim deduction of Rs 5000 u/s 80C
Still based on your reply, I assume that employee can claim Rs 2400 as exempted allowance from employer u/s 10(14)
and can still claim deduction of Rs 5000 u/s 80C
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