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Tax deduction for payment of school tuition fees

Tax deduction for payment of school tuition fees for children education u/s 80C:

You can claim Income Tax deduction of Rs.1 Lac u/s 80 C for tuition fees paid for education of children.

Eligibility:

Available only to Individual assessee (HUF not allowed).

Maximum number of children:

Each spouse can claim deduction on maximum two children’s education.

Can each parent claim the deduction:

Each parent can claim the deduction for up to 2 children. So deduction can be claimed for 4 children. However, deduction is allowed for fees paid by yourself. You cannot claim deduction for fees paid by your spouse.

Can both parents claim deduction for one child:

If Rs.50,000 is paid by one parent then that parent can claim the deduction. However, if Rs.170,000 is paid as school tuition fees. Husband has paid Rs.120,000 and mother has paid 50,000 then both husband and wife can claim the deduction of Rs.100,000 and Rs.50,000 respectively.

Amount of deduction:

Limit is Rs.1 Lac It is aggregate amount that includes deduction u/s 80C, 80CCC (pension policy), 80CCD (contributory pension policy).

Institution and course type:

  • Deduction is allowed only on full time courses (deduction not allowed on Distance Learning Programs or part time courses).
  • Deduction allowed on fees paid to University, College, School or other educational institutions (deduction not allowed on private tuition fees).
  • Above mentioned educational institutes must be situated in India (deduction not allowed for fees paid outside India).
  • Play school and nursery fees is allowed.

Fees paid on self and spouse education is not allowed:

Tuition Fees paid on self education or spouse education is not allowed as deduction.

Deduction available on payment basis:

Deduction is available on payment basis only. So, fee paid in April 2013 for March 2013 will be allowed as deduction in financial year 2013-14 only.

Fees disallowed:

Any kind of development cost, donation, building fund, transport charges, meal cost, late fees, etc. is not allowed as deduction.

 

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