Bibhuti Bhusan Das (Financial Analyst) (144 Points)
07 May 2010
Amir
(Learner)
(4016 Points)
Replied 07 May 2010
Dear Sir,
Sec 10(14) read with Rule 2BB -
For Education of assessee himself - any allowance granted for encouraging the academic, research and training pursuits in educational and research institutions
Amount of allowance or amount of expenditure whichever is less shall be exempt.
Children Education allowance - Rs. 100/child per month upto maximum of 2 child.
Amount of allowance or above limit shall be exempt.
Sec 80C - Assessee can claim "Tution Fess" paid as deduction in respect of education of maximum of two children.
Sec 80E - Interest of education loan is allowed as deduction -for education of Individual, spouse or children.
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 07 May 2010
Dear Sir, Sec 10(14) read with Rule 2BB - For Education of assessee himself - any allowance granted for encouraging the academic, research and training pursuits in educational and research institutions Amount of allowance or amount of expenditure whichever is less shall be exempt. Children Education allowance - Rs. 100/child per month upto maximum of 2 child. Amount of allowance or above limit shall be exempt. Sec 80C - Assessee can claim "Tution Fess" paid as deduction in respect of education of maximum of two children. Sec 80E - Interest of education loan is allowed as deduction -for education of Individual, spouse or children. |
totally agree with Amir
Sudheer Reddy
(Emp)
(84 Points)
Replied 07 May 2010
If there is no allowance from employer for children education, then Rs. 100 per child can be claim ? Is there any proofs have to submit by the Employee for claiming the amount
NIDHI PARKASH
(Suptdt.)
(41 Points)
Replied 07 May 2010
| Originally posted by : NIDHI PARKASH | ||
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Please express deduction under 80u for income tax rebate.whether the disability certificates of 60% and 80% are necessary to get this benefits? |
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