Reg tax exemption on cea

devinderparkash (Querist) 06 January 2014 This query is : Resolved
Sir,
Our department giving tax exemption on children education allowance only 1200 a year ie 100/- rupees p.m.. I am drawing CEA 1250/- p.m. for one child ie. 15000/-. Kindly intimate what is the limit of exemption on CEA.
yours sincerely
Devinder Parkash
parkashdev_j@yahoo.in

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ajay sethi (Expert) 06 January 2014
raise query in CA club india.com

Rajendra K Goyal (Expert) 06 January 2014
Children Education Allowance:
Rs 100 per month per child up to a maximum of two children is exempted (only if expenses are incurred in India)

Hostel Allowance Rs 300 per month per child up to a maximum of two children is exempted (only if expenses are incurred in India)

Rest would be taxable as perquisite.

Devajyoti Barman (Expert) 06 January 2014
unfit query...

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