1. Deduction for tuition Fees is available up to Rs.100000 /- 2. 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. 3. The deduction is available to Individual Assessee and not for HUF. 4. The Deduction is available for any two children. 5. This the only clause u/s 80 C where assessee can not claim tax benefit for expenditure done on himself.Means if assessee has paid tuition fess for his studies ,he will not be eligible. 6. Deduction is not available for tuition fees paid for studies of spouse. 7. The deduction is available for Full Time courses only,so no deduction for part time or distance learning courses. 8. The fees should be paid to university, college, school or other educational institution,so no rebate for private tuitions. 9. Tuition fees paid for coaching courses for admission in professional courses or any other type of courses are not covered as that fees is not paid for FULL time eduction. 10. Deduction under this section is available on payment basis. Fees may be related to any period. For example feed paid for April 2009 if Paid in March 2009 will be eligible for deduction u/s. 80C in A.Y. 2009-10. 11. University, college, school or other educational institution must be situated in India though it can be affiliated to any foreign institutes.
CAclubindia
