school fee

Querist : Anonymous (Querist) 08 March 2010 This query is : Resolved
school fees of the childern up to Rs 1000 comes under saving and if also i get rembrsment what will be the effect ?

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tarun goyal (Expert) 09 March 2010
the tution fee component of the fee is eligible for the saving exemption under section 80C. Rs. 100 is allowed from Rs. 1000/- per month per children on reimbursement.rest is added to salary for the purpose of income tax under section 10.

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