Please let me know maximum limit of tution fees.
one of my employee given me tution fees of Rs. 60k for 2 children, is it acceptable for 80c or not?
Amod Ranjan (Service) (356 Points)
26 March 2012Please let me know maximum limit of tution fees.
one of my employee given me tution fees of Rs. 60k for 2 children, is it acceptable for 80c or not?
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 26 March 2012
Dear Amod,
Deduction under this section is available for tuition fees paid on two children’s education. If Assessee have more then two children then he can claim tuition fees paid of only two children’s. The Deduction is available for any two children.
Deduction for tuition Fees is available up to Rs.100000.
Please Note that aggregate amount of deduction under section 80C , 80CCC and 80CCD shall not exceed Rs. 1,00,000/-
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 26 March 2012
Please be sure that the amount is paid for basic education and the entire school fees is not deductible.. a school fees is sub-divided into many parts viz. tution fees, library fees, etc.. only the tution fees is deductible.
Valerian Dsouza
(Manager Audit & Taxation)
(413 Points)
Replied 27 March 2012
Please note only Tuition fees paid of self or two children for full time school/college education in INDIA is deductible u/s. 80C
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 27 March 2012
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