Only tuition fees paid to any university, college, educational institution in India for full time education for any 2 children of tax payer. Other fees like development fees, donation etc. are not eligible for deduction under this section 80C
Deduction under section 80C covers life insurance, provident fund and deferred annuity contributions and limited tuition fees.
Deduction under section 80C permits tax deductions for specified savings and insurance instruments such as life insurance premia, provident fund contributions and deferred annuities, subject to statutory limits and qualifying conditions. Only tuition fees paid in India for full time education of up to two children qualify as deductible educational expenses; other charges like development fees or donations are not eligible.
Note: It is a system-generated summary and is for quick reference only.
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