Tax calculation in India….?



I am looking out for an answer for Income tax deduction for paying the quarterly fees for my child’s education……As a matter of fact I am paying Rs.9900/- quarterly as fees for school ie 2300/- monthly.How can I show this in my income tax deductions.
Can I include the hefty admission fees too as my child took admission in April,2012 and I do have a bill for that.
Is transportation to school can also be included as she avails a school bus.Please guide me.
Thanks.

Tax calculation in India….?
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5 Replies to “Tax calculation in India….?”


  1. Payments made to any university, college, school or other educational institution situated in India for the purpose of full – time education of any two children is eligible for deduction under Section 80C of the Income Tax Act.

    You can take the entire of amount of school fees paid + any contribution PPF/EPF or life insurance policies and claim for deduction under Section 80C.


  2. Whatever amount you are paying to the School, you can claim deduction for the entire amount u/s 80C subject to the maximum limit of Rs 1,00,000/-.


  3. No….u can’t claim transportation fee coz under the IT act provisions section 80C, exemption is allowable upon tution fee paid to school or institution and for the same u must have evidence too.


  4. Payments made to any university, college, school or other educational institution situated in India for the purpose of full – time education of any two children is eligible for deduction under Section 80C of the Income Tax Act.

    You can take the entire of amount of school fees paid + any contribution PPF/EPF or life insurance policies and claim for deduction under Section 80C.





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