Maximum education expenses allowed
Vipul Khambhaliya (38 Points)
20 July 2023
how much maximum education expenses allowed in 80c deduction
4 Replies
Mudassar Nath
(Manager)
(51 Points)
Replied 20 July 2023
A taxpayer can claim a maximum deduction of Rs 1.5 lakh on the tuition fees paid for up to 2 children to any university, college, school or other educational institution situated in India
The following exemption* is provided to a salaried taxpayer in India:
Childrens' Education Allowance: INR 100 per month per child up to a maximum of 2 children.
Hostel Expenditure Allowance: INR 300 per month per child up to a maximum of 2 children.
(*Only if expenses are incurred in India as per Section 10(14) of the income tax act)
Mudassar Nath
(Manager)
(51 Points)
Replied 20 July 2023
A taxpayer can claim a maximum deduction of Rs 1.5 lakh on the tuition fees paid for up to 2 children to any university, college, school or other educational institution situated in India
The following exemption* is provided to a salaried taxpayer in India:
Childrens' Education Allowance: INR 100 per month per child up to a maximum of 2 children.
Hostel Expenditure Allowance: INR 300 per month per child up to a maximum of 2 children.
(*Only if expenses are incurred in India as per Section 10(14) of the income tax act)
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 20 July 2023
The Tuition fee deduction available U/s 80C. And this section s maximum available Deduction Rs 1.5 lakhs only...
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