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Deduction of Tuition Fees u/s 80C



Tuition fees paid by you can also help you to save taxes. Section 80C provides deduction of tuition fees paid during the year. Investment in LIC, PPF etc. is most popular investments done by individuals to claim deduction u/s 80C but the expense of tuition fee which is incurred by most of the individual are ignored. Here, we have summarized all the important facts relation to deduction of tuition fees u/ 80C.

Eligibility

Tuition fee deduction is available to Individual assessees only and not for HUF.

Tuition Fees – Paid for Studies of

Deduction is available only of tuition fee paid for studies of children, moreover maximum of two children.

So, no deduction will be available for tuition fee paid for studies of self or for studies of spouse.

Qualifying Fees

Any amount of money paid as tuition fees whether at the time of admission or otherwise to any,

  • Educational Institution.
  • College.
  • University.

in India for full time education of any two children of an individual is eligible for deduction u/s 80C. But, the payment towards Development fees, Donation and payment of similar nature does not qualify for deduction u/s 80C.

Full Time Education

Deduction is available for full time education only. Full time education includes any educational course offered by any university/college to a student who is enrolled for full time course. It also includes

  • Play School activities.
  • Pre-nursery.
  • Nursery classes.

Deduction

The deduction for tuition fees u/s 80C is available upto Rs 1,00,000/- and this limit is the maximum limit in addition to section 80CCC(Pension policy) and section 80CCD(Contributory pension plans).  It means the aggregate amount of deduction under above referred sections cannot exceed Rs.1,00,000/-.

Extra Benefits

In this section both parents (father & mother) will be entitled to deduction for two children each, as both husband & wife will have a separate limit of two children each.

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About: 

Alok Patnia founded Taxmantra.com, an expert in tax advisory & compliance. He is a Chartered Accountant having prior exposure with Ernst & Young & KPMG.

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