Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Friday, 6 January 2017

Tax Benefits for Tuition Fees of Children

  


Section 10 and Section 80C of the Income Tax Act provide tax benefits for tuition fee


 
There is no differential treatment between private sector and government employees for income tax.

Tax benefits for tuition fees of children are available under following two sections of the Income Tax Act:

Section 10: 

Tax exemption for tuition fee of up to Rs 1,200 (Rs 100 per month) per child for a maximum of two children. 

Section 80C: 

In addition, you can claim tax deduction of up to Rs 1.5 Lakh for the tuition fee under section 80C. However, this is a blanket limit available for several things, such as life insurance premium, investments in PPF, ELSS, NSC, etc., taken together.




Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGet on 94 8300 8300


Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300


 

2 comments:

  1. nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our NFO Details.

    ReplyDelete
  2. nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our
    Stock market.

    ReplyDelete

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts