tuition fees u/s. 80C

This query is : Resolved

Guest

Guest (Querist)

02 December 2008 Hello Experts

Will you please advise me that what is included in tuition fees which is deductible under threshold LIMIT of Rs. 1 lac u/s. 80C????

Fees receipts may include following;

1.Term Fees
2.Tuition fees
3.Bus fees
4.Computer Fees
5.Other activity fees
6. etc.

So please guide me that out of above which amount will be eligible for deduction u/s. 80C.

Thanks
Rohit

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 December 2008 Item no 2 only.

Rajdeep Pawar

Rajdeep Pawar (Expert)
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02 December 2008 As per Sec.80C, any sum paid as tuition fees (not including any payment towards development fees/ donation/ payment of similar nature) whether at the time of admission or otherwise to any university/ college/ educational institution in India for full time education of any two children of an individual will be allowed as deduction subject to maximum of Rs. 1 lakh.

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