Children's Education 80-C

Tax queries 9479 views 33 replies

CA. Amit Daga

Finance Controller CA. CS. CFA. CIFRS.

9017 Points Joined October 2007

Girish Please read prov carefully and try to update your self

Replies (33)

CA. Amit Daga

Finance Controller CA. CS. CFA. CIFRS.

9017 Points Joined October 2007

Girish Please read prov carefully and try to update your self

O.D.SHARMA

DGM-F & A

1734 Points Joined November 2007

Only tution fee upto Rs 100000/- for two childrens U/S 80 C in School/College/University/ for two chilldrens .

Irshad

Article

1426 Points Joined September 2007

Exemption is available upto 1Lac for the tuition fee paid for the full time education of maximum two children u/s 80C

Can a person claim 80 C deduction for the fees paid to ICAI to register himself or his son? and computer fees paid to the institution for the computer training is also eligible for the same? As the act says fees paid to any university, college, school or any other educational institutions is fully eligible for deduction. In addition, ICAI is Institution of Chartered Accountant of India and it is very well authorized.

CA Chaitanya

PRACTISING CA

4283 Points Joined November 2007

u/s 80 C you can claim deduction upto a maximum of Rs.100000/- for the amount paid towards children education.

CA Chaitanya

PRACTISING CA

4283 Points Joined November 2007

It sould be paid to a college, university or a notified institution.

Ashish Barthwal

Article

137 Points Joined February 2008

Is fees paid for any computer fees to any approved institutions will also claim for the deduction u/s 80 C, If they are paid to the ICAI As, only word tution fees is mention in the Act, but it is also for the full time education and the ICAI is the approved institute, moreover, it is paid for the education of the children.

Guest

439855 Points Joined August 2012

Kindly specify children fee benefit can be exempted U/S-10 for Income tax calculation. If answer is yes than upto which amount one can avail benefit.

Please send me your reply at the earliest.

Sonu.m

Partner

20 Points Joined July 2008

How much amount exemption for Childeren Education

Originally posted by :Amit Sharma
"	These are the points:-(1) A max of Rs 100 p.m. with a max of 2 children.(2) If child stays in hostel a Max of Rs 300 p.m. with a max of 2 children	"

Sonu.m

Partner

20 Points Joined July 2008

How much amount exemption in Housing loan interest

Guest

439855 Points Joined August 2012

Originally posted by :C.A Amit Daga
"	sir! what is amount i claim as deduction as children education fee(not allowance) AY 2008-09	"

Guest

439855 Points Joined August 2012

My brother is studying in 2nd year BDS & he is dependent on me. I pay his Tution Fees amounting to Rs 1,20,000/-. Can I claim the Incometax Deduction Under Section 80 C by showing him dependent on me. he is 20 yrs of age & is an adult rite now. what is the possble way out guys kindly do let me Know!

Ashish Barthwal

Article

137 Points Joined February 2008

Dear,

Person must be dependent childrens only(without any restriction of age), and at most two childrens are applicable for deduction, not brothers or sisters or others

Guest

439855 Points Joined August 2012

Hi,

Iam looking for some clarification regarding Children Education Allowance. Last week, I happened to view in a local newspaper in Hyderabad, that Children's Education Allowance has increased from Rs. 50/- per child per month to Rs. 1,000/- per child per month.

Can I note the clarification please.

Thanks and Regards,

Kezia.