I am confused between education allowance and tution fees, so i would like to want that can take education allowance as exemption (up to 24000 for 2 children) and tution fees (paid Rs. 10800) as deduction u/s 80C, it is correct or not please guide me.
14 November 2009
Children education allowance received from employer @ Rs. 100/- per month per child up to a maximum of two children is exempted from tax under section 10 (14). Section 80C speaks about tuition fee of the children paid by assessee. There is no prohibition in availing benefits of both the sections simultaneously.