Tax Exemption on Children Educational Allowance

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..... Tax Exemption on Children Educational Allowance
Query (Issue) Started By: - Balaknath Bhattacharyya Dated:- 27-1-2012 Last Reply Date:- 30-1-2012 Income Tax
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Income Tax
As per .....

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..... Rule 2BB of Income Tax Rules 1962, Rs 100/- per month per child is eligible for exemption out of the Children Education Allowance received by an assessee employee. The assessee employee has drawn educ .....

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..... ation allowance for his two children for two years (2010-11 & 2011-12) in the year 2011-12. My query is : whether the assessee employee is entitled to exemption of Rs 4800 ( Rs 100x2x 24) for 24 month .....

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..... s in the F.Year 2011-12 Reply By r.rajkumar kumar: The Reply: NO RESPECTIVE ONE CAN CLAIM ONLY ONE CLAIM IN RESPECTIVE ASSESSMENT YEAR IN THIS CAE YOU CAN CALIIM 2400 FOR 2012-13.IF YOU WANT TO CLAI .....

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..... M FOR 2010-11 YOU CAN REOPEN THE RETURN FILED IN THE YEAR OF 2011-12 .TKS
Discussion Forum - Knowledge Sharing .....

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