Children Education Allowance u/s 80c

[Kiran Takke]

Hi Friends,

Can you help me knowing the maximum permissible limit for claiming Children Education Allowance u/s 80c.
Please advise weather below paragraph is correct or not ???

Children Education Allowance u/s 80c
Deduction under this section is available for tuition fees paid on two children’s education.
Maximum Limit: Deduction for tuition Fees is available up to Rs.100000.  Please Note that aggregate amount of deduction  under section 80C , 80CCC and  80CCD shall not  exceed Rs. 1,00,000/-

Thanks & Regards,
Kiran Takke

[kala pillai]

Hi Kiran,

Any sum paid as tuition fees (not including any payment towards
development fees / donation / payment of similar nature) whether at
the time of admission or otherwise to any university / college /
educational inst. in India for full time Education of any two children
of an Individual.

Full time Education includes Play school activities, Pre-nursery and
nursery classes, any educational courses offered by any University,
college, school etc.

You can claim upto rs. 100,000/- for tuition Fees. for Further
clarification Refer Circular 1/2010 dated 11,2010

The total of deduction U/s 80C , 80CCC
> and 80CCD shall not exceed Rs. 1,00,000/-*

Regards,

Kala Pillai
Neelkanth Group

On 2/18/11, Kiran Takke <kiran...@gmail.com> wrote:
> Hi Friends,
>
> Can you help me knowing the maximum permissible limit for claiming Children
> Education Allowance u/s 80c.
> Please advise weather below paragraph is correct or not ???
>

> *Children Education Allowance u/s 80c*
> *Deduction under this section is available for tuition fees paid on two
> children’s education.*
> *Maximum Limit: Deduction for tuition Fees is available up to Rs.100000.

> Please Note that aggregate amount of deduction under section 80C , 80CCC

> and 80CCD shall not exceed Rs. 1,00,000/-*

>
> Thanks & Regards,
> Kiran Takke
>

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[Kiran Takke]

Thanks a lot Kala
Do u have anything to read or refer for critical illness exemption in income tax.
Please advise.

Thanks & Regards,
Kiran Takke