5 things to remember while claiming tax rebate on tuition fees

Updated: Tuesday, November 6, 2012, 16:37 [IST]

5 things to remember for claiming tax rebate on tuition fee

If you are paying school or college fees for your children and wish to claim tax exemption, under sec 80c of the IT Act, here are five things to keep in mind when claiming tax benefits.

1) No claims for self or spouse

You cannot claim tax deduction where the tuition fee for education has been paid for self or spouse. This means that it has to be paid for your children.

2) Does not cover coaching fees

Benefits to cover cost paid for coaching courses or admission in professional courses cannot be covered and claims have to be for full time education in a school, college or university. It can also be claimed for nursery and pre-nursery school.

3) Only tuition fees covered and not transport, term fees etc

Deduction for tuition fees under the Act cannot cover expenses incurred for term fees, books, transport etc. Late fees are also not eligible for deduction under the Act.

4) The institution must be in India

The concerned institution where the tuition fee has been paid must be situated in India. Having said that it can be affiliated to any foreign institute.

5) Total amount for a maximum of Rs 1,00,000 and 2 children only

The total amount one can claim for tuition fee is only upto a limit of Rs 100,000 and it can cover only two children.
Of course, if there are 4 children, the mother and father can claims separately for two children each.

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