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Useful articles for your finance management by our team of experts

reimbursement for tuition fee

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Question:

We are paying Tuition fee @2000 pm for 2 kids. Both of us are working. I(husband) is taking reimbursement @ Rs1250 pm. Can my wife include total fee of Rs48000 for exemption under section 80C or partially or not at all ? Kindly reply urgently

 

Answer:

You can claim deduction to the extent you have incurred the cost but cannot make a profit out of it. Therefore, you can claim exemption for the balance Rs 750 per month under Section 80C

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