Section 80c of the income tax act permits individual taxpayers and hindu undivided families (hufs) to claim a deduction of up to rs. The deduction is available for tuition fees paid for a. Yes, you can claim a deduction under section 80c for children’s tuition fees, provided certain conditions are met.
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The deductions apply to tuition fees on. You can claim tax deductions for tuition fees paid to educate your children but not for educational expenses of yourself or your spouse. Find out the tax benefits on children education allowance, tuition fees & school fees.
1.5 lakh per financial year on.
However, if tuition is not a regular activity and is more of a side income (i.e., not carried out systematically as a business), then it may be taxed under income from other. Tuition fees paid to a university, college, school or educational institution located in india for full time education are eligible for tax deduction under section 80c of income tax act,. It is clarified that the amount allowable as tuition fees shall include any payment of fee to any university, college, school or other educational institution in india except the amount. Under section 80c, parents are entitled to claim a deduction for the amount paid as tuition fees to a university, college, school, or any educational institution.
Taxpayers can also claim deductions under section. If the tuition income is below the basic exemption limit (e.g., ₹2.5 lakhs for individuals in india), no tax is payable. Know about tax benefit on tuition fees under section 80c.
