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- Fee at the school counter can be made through Debit/ Credit cards only. Cash payment is not accepted.
ssis.ac.in/wysiwyg/3947SSIS-FEE Rules and Regulations 2023-24.pdf
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Jan 16, 2024 · Discover Tax Benefits on Children's Education: Learn how Section 80C offers deductions for Education Allowance, Tuition Fees, and School Fees. Maximize your tax savings while investing in your child's future.
- Summary of Above Provisions
- Frequently Asked Questions on Deduction For Tuition Fees U/S. 80C
- Extract of Section 80C
1) Deduction from taxable income under Section 80Cis available to individual taxpayers up to a maximum amount of Rs1.5 lakh for education expenses incurred for one’s children. 2) Each parent can claim the deduction for the tuition fees paid for up to two children each, thereby covering a maximum of four children in a family. 3) This deduction is av...
Q.1 Can an unmarried person can claim deduction u/s 80C of Income tax Act, 1961 for school fee paid for 2 children?
Answer:Yes he can. As clause (c) of sub-section 4 of Section 80C only speaks of children’s of Individual. Section 80C is silent on legality of child and it does not say that child should be legal child.
Q.2 Can I claim deduction u/s 80C of Income tax Act, 1961for my adopted child’s school fees?
Answer:Yes you can. As section 80C again silent and do not specify that child should be biological child for the purpose of claiming deduction under clause (xvii) of section 80C.
Q.3 I have divorced to my wife and have custody of my son with me and paying his school fees. Will I be eligible for deduction u/s 80C of Income tax Act, 1961 for school fee paid on his education?
Answer:Yes you will. As section 80C do not specify that marriage should continue to claim the deduction under clause (xvii) of section 80C.
Clause xvii of section 80C xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the time of admission or thereafter, (a) to any university, college, school or other educational institution situated within India; (b) for the purpose of full-time education of any of the person...
1. School fees are of twelve-month cycle i.e., April to March every year. 2. Fee can be paid through the following methods: Cash – Fees in Cash will only be accepted at the Bank’s Cash Counter i.e. Indian Overseas Bank, C – Block Market, Alpha – I, Greater Noida. a.
School Fees must be paid in cash, or by A/c Payee cheque/ Bankers’ cheque / Bank Pay order / Draft in favour of “St. Stephen’s School, Dum Dum”.
Dec 27, 2017 · There are 4 types under which fees can be charged, these are: Tuition. Development. Examination. Other. Procedure for approval of fees charged must be according to prescribed guidelines and must be verified by AICTE or Ministry of HRD. Violation of any of the guidelines attracts penalties.
- Sushant Pandey
Dec 12, 2016 · BENGALURU: From January, 2017, all CBSE schools will have to accept school fees only through online or non-cash gateways. The Central Board of Secondary Education has told its affiliated schools ...
Feb 17, 2017 · Sending kids to school has an inbuilt tax advantage for parents. This is because tuition fee qualifies for tax benefit under Section 80C of the Income-tax Act, 1961. The amount of tax benefit is within the overall limit of the section of Rs 1.5 lakh a year.
