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Thread: children education allowance is taxable.

  1. #1
    Junior Member JIJOKMAT3 is on a distinguished road
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    Question children education allowance is taxable.

    (a) Is children education allowance taxable.

    (b) If I paid Rs 100000/- in the school as tuition fee for my first child,
    is it possible to take tax deduction of 100000/ under 80C &
    reimbursement of tuition fee up to 12000/-



    Rds

    JIJO MATHEW(AFK)
    Last edited by JIJOKMAT3; 05-06-2011 at 02:39 PM.

  2. #2
    Senior Member Victor is on a distinguished road
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    Children Education Allowance received during the year will be included in the income and taxed. The amount paid as Tuition Fees will be treated as part of Savings under 80C subject to an overall limit of Rs. 1.00 lakh.

    Victor

  3. #3
    Junior Member JIJOKMAT3 is on a distinguished road
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    Dear your answer is not up to the mark


    JIJO MATHEW
    Rds,

    JIJO MATHEW

  4. #4
    Senior Member RKPATHAK is an unknown quantity at this point
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    Tax exemption for cea is admissible within overall limit of rs 1,00,000 under section 80-c

  5. #5
    Member gokul1969
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    As per Income Tax Act, a sum of Rs.100/- per month for a maximum of 2 children are eligible for exemption as like Transport Allowance which are allowed exemption of a maximum of Rs.800/- per month. I am of the opinion we can therefor claim exemption of Rs.100/- per month per children. Gconnect Income Tax calculator requires to be modified to such extent.
    Regards
    Gokul

  6. #6
    Member gokul1969
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    Why there is no response. Will Victor respond to the original query

    Gokul

  7. #7
    Senior Member SASI is on a distinguished road
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    Children’s education allowance up to Rs. 100 per month per child for a maximum of two children is exempt from income tax. Similarly Hostel expenditure allowance of Rs. 300 per month per child for a maximum of two children is also exempt.

    sasi

  8. #8
    Member gokul1969
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    Thank you.

    Regards

    Gokul

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