Educational Allowance as per IT

This query is : Resolved 

01 April 2008
Respected Sir,

I want know Educational Allowance allowed as per Income Tax Act Financial Year 2007-08 ?

Is it Undersection 80C ?

In which Section Provident Fund Employee
contribution is exampt?

Your immediate reply will be highly appreaciated

Thanking you

Your faithfully


Vilas Choudhari

01 April 2008 Education allowance is allowance ..its not a deduction... ED. All. is RS.100 P.M max 2 child.

PF is exempted us 80C

01 April 2008 Education Allowance:- Rs 100 p.m. for a max of 2 children

*If the child is staying in a hostel a max of Rs 300 p.m. for a max of 2 children.

PF is an instrument which is exempt u/s 80 c.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries