07 May 2009
I would like to know that Education allwance (2400/-) and tution fees actual paid both is deductable from taxable income or any one would be deductable?
07 May 2009
Look, Educational allowance paid above Rs.2400 is included in the income under the head "Salary". And tution fees is allowed as deduction under section 80 C. This deduction is allowed to any person. But exemption for Educational allowance is allowed only to salaried employee.
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