Children Hostel allowance exemption under section 10(14)ii read with 2BB

[Subhash Kumar]

What is the basic conditions to avail the exemption of children hostel allowance.

Is stay in the hostel is compulsory to avail the exemptions.

Is any expenditure is required to avail the exemption of children hostel allowance.

I have received Children education & hostel allowance @ ₹ 400/- p.m. per child for three children. (Only one child is staying in the hostel) what amount is exempt for children hostel allowance?

AI Summary

Children hostel allowance exemption: eligibility and documentation rules determine the exempt portion under statutory provisions. The note queries entitlement to the Children Hostel Allowance exemption under section 10(14)ii read with rule 2BB, asking whether hostel residence is mandatory, whether expenditure must be incurred to claim the exemption, and how to compute the exempt portion when an allowance is paid for multiple children but only some actually stay in hostels.