there is a couple having 4 children having education & hostel allowance in their salary
can they claim these allowances in respect of 2 children per person in their respective returns.
3 Replies
CA. Vineet Grover
(Chartered Accountant)
(1538 Points)
Replied 06 November 2007
good joke .....
there is no restriction on the allowances ...
the same depends on their salary structure ..
but the deduction shall be restricted to Rs.100 per month per child upto a max of 2 children - for children education allowance and Rs.300 per month per child upto a max of 2 children for children hostel allowance.
Dayal
(Gen. Manager - Indirect Taxation)
(3434 Points)
Replied 06 November 2007
What vineet has stated is as per the standard set for claiming deductions
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