The Harshit Aggarwal
(B.Com(H) ,CS Final)
(5278 Points)
Replied 06 October 2009
| Originally posted by :mohd javed | ||
| " | Children education Allowance is exempted to the extent of Rs. 100P.M. per children up to a maximum of 2 children. Suppose he is allowing Rs.80pm for each of 2 child then it is fully exempted.......and if the amt is Rs.150 pm for each of 2 child then 50*2*12 will be taxable. |
" |
i already post it javed !!
Lucky Jain
(student)
(210 Points)
Replied 11 October 2009
| Originally posted by :Harsh*t Aggarwal | ||
| " | Children education Allowance is exempted to the extent of Rs. 100P.M. per children up to a maximum of 2 children. Suppose he is allowing Rs.80pm for each of 2 child then it is fully exempted.......and if the amt is Rs.150 pm for each of 2 child then 50*2*12 will be taxable. |
" |
nw u r confused btn perq n allowance above is allowance n perq is
1if EMPLOYER incurrs cost of education thn actual xpenditure met b y EER
2WAT UR DOUBT IS TAT IS FREE EDUCATION FACILITY...THN ans is cost of edu is upto 1000pm per child " or else fully taxable"were i mean if more thn 100 say 1200 fully taxable
Lucky Jain
(student)
(210 Points)
Replied 11 October 2009
i 4got 2 tell perq is in hands of specified Eee
Sagar
(Student)
(142 Points)
Replied 14 October 2009
Children education Allowance is exempted to the extent of Rs. 100P.M. per children up to a maximum of 2 children.
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