Tax Exemption for Tuition Fees u/s 80C

Introduction

In my previous posts I have explained about the tax savings on section 80c and other useful articles on the tax planning, fixed deposit savings, etc. In this article I will write about one of the tax exemption components missed in my previous articles. Expenses incurred on tuition fees of your children also exempt under the section 80c. This article explains in the detailed manner. If you have any doubts please post it in the comments section. Subscribe to our future articles here.

Tuition Fees for Children

Full time education of any two children in any university, college, school or other educational institution, subject to over-all limit of tax deduction under section 80C. The maximum limit for the tuition fees is Rs.100000. That means one can utilize the entire exemption u/s 80c.

The following are the deduction allowed under tuition fees

• Fees paid to regular educational institution irrespective of the class attended by the child.
• Payment of fees to play schools or crèches will be allowed as deduction.
• Fees for admission are excluded from amounts eligible for deduction.
• The deduction is allowed only for two children.
• Deduction is available of paid basis.
• Adopted Child’s tuition fees is also eligible for deduction

The following are the deduction not allowed under tuition fees

• Deduction is not allowed for private tuition, coaching center.
• University College School or other educational institution must be situated in India. It can be affiliate to any foreign university.
• A late fee is not eligible for deduction.
• Development fees or donation is not eligible.
• Payment of fees for overseas education is not allowed.
• Fees for admission are excluded from amounts eligible for deduction.
• Transport charges, hostel charges, Mess charges, library fees charges incurred for education are not allowed
• Spouse’s tuition fees is not allowed for deduction.

Summary

I hope this article would be very useful to get clear idea on the tuition fees allowed under the section 80c. If you have any doubts, post it in the comments section. Thank you for reading this article.

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