Q 1. What is the limit of (amount) rebate especially for tuition fees paid for children? how to save a tax

Upto Rs. 100,000 can be claimed under 80C for tuition fees paid for children along with Various other investments. You can save tax by making investments which yield income which is tax free – such as dividends and long term capital gains through transactions executed on the Stock Exchange. You can also save taxes by making tax saving investments under 80C – such as insurance, annuity, pension funds and equity linked saving schemes and by tax

Q 2. Whether tuition fees paid to play school is available for section 80c

Tuition fees for maximum two children can be claimed under 80C upto Rs.100, 000. Tuition fee would include payments to any university, college or school in India for a full time education but would not cover donations or development fees.

Q 3. I want to know about the rebate on tuition fee under section 80 C and the tax on payments received under children education allowance scheme introduced in 6th pay commission. Does after implementing 6th pc the rebate on tuition fee withdrawn. Please reply by mail.

In case of tuition fee paid, a rebate can be claimed under 80C and there are no restrictions in the said provision related to the 6th Pay Commission. A children's education allowance received is exempt from tax to the extent of Rs. 100 per month per child upto a maximum of 2 children. To the extent that a tax exemption is claimed for the allowances it is recommended to not claim a deduction under 80C and to restrict the deduction under 80C to whatever is pent over and above what is already exempt as an allowance.