Your child's education can help you save tax: Eligibility, rules, limits for school and hostel fee exemption
Eshita Gain
Who is eligible to claim children's education allowance as a tax exemption?
Who can claim it: Salaried employees receiving allowance for their children's education from their employer.
Number of children: Exemption is available for a maximum of two children.
Exemption limit:₹3,000 per month per child (maximum ₹72,000 a year for two children).
Hostel expenditure allowance: If the child stays in a hostel, an additional exemption of up to ₹9000 per month per child can be claimed (maximum ₹2,16,000 a year for two children).
Maximum age: No upper age limit has been prescribed.
Eligible institution: The child must be studying at a university, college, school or any other educational institution located in India.
Eligibility of tuition fees deduction under Section 80C
Number of children: Fees paid for 2 children can be claimed as a deduction.
Maximum limit: Up to ₹1.50 lakh every financial year can be claimed, which includes 2 children combined.
Mode of deduction: The deduction is available only on tuition fees that is already paid during the financial year.
How to claim tax exemption for education-related deductions?
This article is provided by Mint, authorized for use, and represents solely the author’s personal opinions. Please contact us in the event of any potential infringement.
In our content creation process, we sometimes use AI tools to assist with research, drafting outlines, and summarizing data. All material is rigorously fact-checked by human editors, reviewed for accuracy, and aligned with our ethical standards. For more information, please visit our AI Policy
