Do you know you may refine a search by telling Yahoo to look for sure kinds of content? Deduction will not be available in the direction of payment made for college fees of Self, spouse, brother or sister, father or mother or some other relative. You may search Yahoo websites like Sports, Finance, Buying, Autos, and extra, for Yahoo originals and content and outcomes we’ve curated from across the Web.
Your official tour every day allowance shall be taxed if you do not have bills 10 May, 2018, 10.09AM IST. To assert the per diem allowance as exempt from tax, staff will have to keep bills and vouchers of expenditure incurred by them while on official travel and submit the small print of the identical with the employer.
The maximum deduction on funds made in the direction of tuition price may be claimed up to INR 1.50 lakh along with the deduction in respect of insurance coverage, provident fund, pension and many others. in a monetary 12 months. The deduction is available only for full-time training programs that include Nursery College, Creches & play schools.
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Full-time education includes any educational course offered by any university, school, college or other academic institution to a scholar who is enrolled full-time for the said course. Additionally it is clarified that full-time education consists of play-college activities, pre-nursery and nursery lessons.