sudhir rawal (B.COM/PCC/ARTICLE/'O'LEVEL) (314 Points)
16 January 2010 I HAVE ONE DOUBT IN SECTION 80C DEDUCTION
WHEN A SALARIED PERSON GETS REIMBURSEMENT OF TUTION FEE FROM EMPLOYER
THEN
IS EMPLOYEE GETS DEDUCTION UNDER SECTION 80C OR NOT
machender
(student)
(190 Points)
Replied 16 January 2010
dear sudhir,
undobtedly you can take deduction.
nicky
(Ca student)
(112 Points)
Replied 16 January 2010
yes sudhir ,,,,salaried employee can take deduction u/s 80c but in other hand the reimbursed tuition fees include in his income as well as...........
Vivek
(Finally passed CA Final...!!!!!)
(1097 Points)
Replied 16 January 2010
First reimbursed amount will be included in salary income of the employee as a perk... later clain deduction is 80C... Net effect is Nil.
CA Pramod Jain
(manager finance)
(1577 Points)
Replied 16 January 2010
ya 80c deduction can be taken
shashi
(Artical)
(27 Points)
Replied 16 January 2010
First of all i want to clear u that under sec. 80 C deduction is given on Payment basis,
Thearfor Payment made for tutuion fees is deductible up to a limit of Rs.100000/-
Its doesn't matter that later on it is reimbushment by Employers.
sanjay kumar
( tax consultant)
(90 Points)
Replied 16 January 2010
WILL BE INCLUDED IN THE GROSS SALARY FIRST ....AND THE DEDUCTION U/S 80C CAN BE CLAIMED
SANJAY
manish
(Article Assitant)
(358 Points)
Replied 16 January 2010
Vinod Nayak
(Regional Manager - Finance)
(69 Points)
Replied 18 January 2010
Tution Fees reimbursed is first added to Salary Income and the same can be claimed as deduction u/s 80C subject to the maximum limit of Rs.1 lac.
CAclubindia
