Tds on children education allowances
This query is : Resolved
02 August 2011
Is the Employer is also entitled to deduct the Income Tax U/s 192 from the salary of his employees on the payments towards Children Eductaion Allowances over Exemption limit of Rs. 12000/- per annum?
02 August 2011
Children Education allowance is exempt @Rs 100 per month per child upto maximum of two child,hence annual exemption limit will be 1200/- per child and not 12000/-.
Yes Employer is entitled to deduct tax on child education allowance if it more than exemption limit
Yes Employer is entitled to deduct tax on child education allowance if it more than exemption limit
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