Find out the tax advantages on kids education allowance, tuition charges & school charges. ii. From the AY starting on or after the first day of April, 2021, the deduction shall be equal to the expenditure so incurred. Kids Education Allowance: INR 100 per month per child up to a maximum of 2 children. First below section 10, you may construction your salary by together with youngster training allowance. Again below section 80C you possibly can claim tuition price paid to your kids.
Expenditure on scientific research inside three years earlier than commencement of enterprise (in the nature of purchase of materials and salary of staff aside from perquisite) is allowed as deduction in the 12 months of commencement of enterprise to the extent certified by prescribed authority.
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Your official tour every day allowance shall be taxed if you do not have payments 10 Could, 2018, 10.09AM IST. To claim the per diem allowance as exempt from tax, workers will have to maintain payments and vouchers of expenditure incurred by them whereas on official journey and submit the details of the same with the employer.
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