Schooling Allowance Exemption Limit For Ay 2017

Education Allowance ExemptionDid you know you may refine a search by telling Yahoo to search for sure varieties of content? Amount exempt from tax varies from Rs. 200 per thirty days to Rs. 1,300 monthly. If in case you have incurred any expense for educating your child in international nation then deduction just isn’t allowed. One of the much less common however allowed deduction is schooling and hostel allowance to your baby.

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Find out the tax advantages on kids schooling allowance, tuition fees & faculty fees. Know concerning the tuition and fees deduction below section 80c. Income expenditure on scientific analysis pertaining to business of assessee is allowed as deduction (Subject to certain conditions).

Click on a content material sort to see the sorts of filters accessible inside it. Most filters have many standards you can choose from, which change relying on your search time period. Kids Education Allowance (CEA) underneath part 10 (14) learn with Rule 2Bb(2)(5) of the Revenue Tax Act is Rs.I00 per month per child.