Income tax deduction on Tuition fees can be claimed under section 80C of the income tax act, 1961. It can be claimed for any two children of the individual for a full time education in India. Tax deduction on Tuition fee is allowed to every individual who is liable to pay income tax or to a Hindu undivided family. If in a family both husband and wife are tax payers and … [Read more...] about Can tax deduction on tuition fees be claimed for 3rd and 4th child
tuition fee
Income tax deduction for Tuition Fee – Section 80C
Now, an individual tax payer can claim income tax deduction on tuition fee paid to schools or colleges for higher education of children, under section 80C of income tax act, 1961. Payments towards tuition fee to any university or colleges or educational institutions in India for a full time education at the time of admission or otherwise is eligible for tax deduction under … [Read more...] about Income tax deduction for Tuition Fee – Section 80C