WebApr 3, 2024 · Children Education Allowance (CEA): Rs. 100 per month per child up to maximum of two children Hostel Subsidy (HS): Rs. 300 per month per child up to maximum of two children under section 10 (14) read with Rule 2Bb (2) (5) of the Income Tax Act. Following exemption* is provided to an individual employed in India: 1. Children’s Education Allowance: INR 100 per month per child up to a maximum of 2 children. 2. Hostel Expenditure Allowance: INR 300 per month per child up to a maximum of 2 children. . (*Only if expenses are incurred in India … See more A parent can claim a deduction on the amount paid as tuition fees to a university, college, school or any other educational institution. Other components of fees like development fees and transport fees are not eligible for … See more Persons paying any sum/ fees towards the education of their children can claim tax deduction under Section 80C, subject to satisfaction of certain … See more No, reimbursement on children education allowance is not allowed for 3rd child if not claimed for 1st and 2nd. Yes, adopted child’s school fees are also eligible for deduction. No, hostel expenditure allowance can be … See more
Tuition fee and child education allowance exemption under …
WebSection 10 (14) Education Allowance (Partially Exempt Income) An allowance of up to INR 100 per month, per child, is tax-free under Section 10. Also, there is a hostel … WebDec 3, 2024 · under New Tax rate regime :- 1. Leave Travel Allowance (LTA) 2. House Rent Allowance (HRA) 3. Conveyance allowance 4. Daily expenses in the course of employment 5. Relocation allowance 6. Helper allowance 7. Children education allowance 8. Other special allowances [Section 10 (14)] 9. Standard deduction on … teilnahmebedingungen top dog germany
Section 10(14)(ii) in The Income- Tax Act, 1995 - Indian Kanoon
WebJun 21, 2024 · Section 10(14) – Covers special allowance detailed in Rule 2BB (such as children education allowance, hostel allowance, transport allowance, per diem allowance, uniform allowance, etc). WebJul 25, 2024 · Income tax allowances under salary - Section (10) (14) (ii) decoded #shorts - YouTube 0:00 / 1:00 Income tax allowances under salary - Section (10) (14) (ii) decoded #shorts... WebJun 12, 2024 · ( xiv) Children Education Allowance: If any amount is given by employer to employee as education allowance for the education of own children in India, it shall be exempted upto Rs. 100 p.m. per child for two children only. Exemption is allowed for any two children of the employee. teilnahmebedingungen yoga kurs