tution Fee of Children

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 Is there any limit for School fee paid for children or any amount can be claimed subject to total deduction of Rs 1 Lacs u/s 80C.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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28 July 2010 There is an overall limit of deduction which can be able to be claimed as deduction. There is no ceiling available on tuition fee paid

Taranjit Singh

Taranjit Singh (Expert)
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28 July 2010 Deduction for tuition Fees is available up to Rs.100000 /-
The limit of one lac as above is total limit u/s 80C for all type of savings ,plus section 80CCC(pension policy) plus u/s 80CCD(Contributory Pension Plan).Means the aggregate amount of deduction under above referred sections can not exceed Rs. 1,00,000.

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Taranjit Singh

Taranjit Singh (Expert)
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28 July 2010 The Deduction is available for any two children.