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of <h1>Taxation of Free Education Per Rule 3(5): Employee's Child's Education Costs Over 1,000/Month Are Taxable Perquisites</h1> Rule 3(5) of the Income Tax Act addresses the taxation of free or concessional educational facilities provided by an employer. If the cost of education for an employee's child does not exceed 1,000 per month, it is not taxable. If it exceeds this amount, the taxable value is calculated by subtracting 1,000 and any amount paid by the employee from the cost of similar education locally. This rule applies to the employee's children, including stepchildren and adopted children, but not grandchildren. Educational expenses for the employee's own training are not taxable, while direct payments or reimbursements by the employer are considered taxable perquisites.
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