educational allowance
This query is : Resolved
24 February 2009
i have one child and i getting educational allowance rs. 200/- p.m so how much amount deucted as deduction from taxable income
24 February 2009
You have one child and getting educational allowance Rs. 200/- p.m.
As per Income Tax,U/s 10(14) Educational Allowance is exempt upto Rs.100/-p.m. per child upto maximum two child.
So you can take deduction of Rs. 100/- p.m.from taxable income.
As per Income Tax,U/s 10(14) Educational Allowance is exempt upto Rs.100/-p.m. per child upto maximum two child.
So you can take deduction of Rs. 100/- p.m.from taxable income.
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