Child Education Allowance, Eligibility Criteria Tax Exemption Rules in seventh Pay Commission. Even if you’re not married or have adopted a toddler, you can claim deduction beneath 80C. Amount exempt from tax varies from Rs. 300 per 30 days to Rs. 7,000 per 30 days. Any allowance granted to an worker to meet the hostel expenditure on his child: Rs. 300 monthly per baby up to a maximum of two children.
I’m a central Govt. worker, working in Revenue Tax Division. My daughter is studying in class VIII in Fashionable Excessive School for Women, Kolkata. I’ve to pay school fees to the varsity by way of ECS i.e. electronic transfer from financial institution. The college does not situation bodily receipt in opposition to the stated charges payment. College issues e-receipt which we’ve got to generate from the web site of the varsity. For claiming reimbursement of Children Training Allowance I have no choice however to submit the mentioned e-receipt treating it as original receipt. However, here workplace of the ZAO, Kolkata raises objection on this respect and doesn’t deal with the e-receipt as original receipt. I am enclosing a replica of the mentioned e-receipt to your ready reference.
You’ll be able to declare bills incurred on nursery or pre nursery lessons too. Private tuition charges are not allowed as deduction. Deduction is allowed only for tuition expenses incurred in educating your youngsters. Deduction will not be available for fee made in the direction of half-time courses.
Deduction shouldn’t be available towards cost made for varsity charges of Self, spouse, brother or sister, father or mother or another relative. You possibly can search Yahoo websites like Sports activities, Finance, Purchasing, Autos, and more, for Yahoo originals and content and outcomes we have curated from across the Web.
Learn about youngsters education allowance exemption rules & the points of taxation on training facility & scholarship provided by employer. Deduction is just not accessible for payment made in the direction of Development charges, donation or charity, Personal Teaching heart, other expenses similar to hostel expenses, mess charges, library fees or related payments.