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School fees deduction can we claim

ABHI KUMAR (710 Points)

24 July 2021

can we claim school fees in 80 c what is the rule of deduction of school fees

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 24 July 2021

Upto 12000 rupees under children education allowance 80C can be claimed

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ABHI KUMAR (710 Points)
Replied 24 July 2021

School fess can we claim

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 24 July 2021

Yes school fees can be claimed

Deepak Kumar (791 Points)
Replied 25 July 2021

I think school fees deduction not claimed only Tution Fees deduction claim in 80C

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 25 July 2021

School fee or tution fee are same in income tax and same is allowed as deduction u/s 80C upto Rs. 150000.

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 25 July 2021

Both school fees and tuition fees are deducted under 80C

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 25 July 2021

Tution Fees are not eligible for deduction, only school fee allowed.

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 25 July 2021

For salaried employees with up to 2 children, tuition fees paid in the entire academic year per child are tax-deductible. This means that a working couple can claim tax benefits for four children in total at two each. The maximum tax credit available under this head is Rs 1.5 lakh as specified in Section 80C