TaxTMI 
TaxTMI 
Tax Exemption on Children Educational Allowance
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....ax Exemption on Children Educational Allowance<br> Query (Issue) Started By: - Balaknath Bhattacharyya Dated:- 27-1-2012 Last Reply Date:- 30-1-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per R....
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....ule 2BB of Income Tax Rules 1962, Rs 100/- per month per child is eligible for exemption out of the Children Education Allowance received by an assessee employee. The assessee employee has drawn educa....
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....tion allowance for his two children for two years (2010-11 & 2011-12) in the year 2011-12. My query is : whether the assessee employee is entitled to exemption of Rs 4800 ( Rs 100x2x 24) for 24 months....
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.... in the F.Year 2011-12 Reply By r.rajkumar kumar: The Reply: NO RESPECTIVE ONE CAN CLAIM ONLY ONE CLAIM IN RESPECTIVE ASSESSMENT YEAR IN THIS CAE YOU CAN CALIIM 2400 FOR 2012-13.IF YOU WANT TO CLAIM....
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.... FOR 2010-11 YOU CAN REOPEN THE RETURN FILED IN THE YEAR OF 2011-12 .TKS<br> Discussion Forum - Knowledge Sharing ....