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Clearence of deduction under 80 c

Neeraj Joshi (Accounts executive) (97 Points)

03 March 2016

if a person getting 2400 education allowance for his 2 children but he is paying 15000 on their education , so can he claim the 15000 on under 80 c deduction.

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2 Replies

Vikas Gupta (Tax Executive) (530 Points)
Replied 03 March 2016

Definately he can claim the portion of Tuition Fees paid by him for his children u/s 80C. Allowances and deduction under chapter VI-A are the two different aspects. Allowances are fixed in nature and children education allowance is exempt upto Rs. 100/- per month per child (maximum of two children). Deduction u/s 80C is limited to Rs. 150000/-. Thus, he can claim Rs. 15000/- u/s 80C but check twice that the Rs. 15000/- is the amt of tuition fees only.