20 March 2014
Dear All, My question relates to benefit of children education allowance when we need to allow children education allowance benefit is it necessary that children's needs to be in school or if no children is going to school, can allowance benefit extended in that case. If someone has two children's but only one is going to school, will it be possible to allow him full Rs. 200 benefit or Rs. 100 only.
20 March 2014
Allowable Education Allowance is Rs.100 Per child - Per Month , subject to maximum of 2 Children.
Further to be noted that, Act has allowed claiming of deduction for the expenditure incurred. If one is not incurring the expenditure (in this case only one child is attending to school)it shall not be allowed as deduction.
Others members can rectify me if I am on the wrong side.