1. #1
    Unregistered

    What is the tax exemption on the payment of education fees of children?

    I am blessed with 2 children and working in one of fortune company. I have to file my income tax for this year. My both the children are going to school. Elder one is in 5th Standard and younger one in 2 standard. We have paid school fees for both the children. Can I claim the same for exemption from this year Taxed amount? If yes, how much that exemption?

  2. #2
    ajay Array
    Join Date
    Aug 2012
    Posts
    56

    Re: What is the tax exemption on the payment of education fees of children?

    hello friend,

    Yes there is tax exemption on the payment of education fees of children

    The maximum limit for the tuition fees is Rs.100000

    The following are the deduction allowed under tuition fees



    • Fees paid to regular educational institution irrespective of the class attended by the child.
    • Fees for admission are excluded from amounts eligible for deduction.
    • The deduction is allowed only for two children.
    • Deduction is available of paid basis.
    • Adopted Childís tuition fees is also eligible for deduction

    Thank you!


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