Deduction for higher education expenses allowed for low-income individuals supporting dependents, subject to per-dependent limits and an overall cap. Section 80FF permits a deduction where an Indian individual with gross total income not exceeding the statutory threshold expends income chargeable to tax ... Summary
Deduction for higher education expenses allowed for low-income individuals supporting dependents, subject to per-dependent limits and an overall cap.
Section 80FF permits a deduction where an Indian individual with gross total income not exceeding the statutory threshold expends income chargeable to tax for the full time education of a dependent. The deduction amount is higher for dependents in specified professional degree or post graduate courses (medicine, architecture, engineering, technology, business management) and lower for dependents in specified diploma courses or other degrees/post graduate courses. The individual may claim the deduction for only a limited number of dependents if expenditure is incurred on more than that number. "Dependent" and course equivalence are defined for eligibility.
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