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Children education allowance is exempt under the Income Tax Act

Friday, July 14, 2017, 5:40 AM

If you are receiving children education allowance from your employer then you are eligible to claim a tax exemption under the Income Tax Act. However, the maximum amount exempted is Rs.100 per month or Rs. 1200 per annum for maximum of up to 2 children. Along with this, you can also claim deductions for fees paid for your children under section 80C.
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