Tuition And Fees Deduction 2025. You can deduct child tuition fees of up to ₹150,000 from your taxable income, and thus save on income tax. Up to $2,500 of the cost of tuition, fees and course materials paid during the taxable year per eligible student.
Your annual income is ₹950,000, and you incur child tuition. Credit amount (for 2023 and 2024):
Learn More About Tuition Fees Exemption In Income Tax In This.
For example, if you pay tuition fees for your child in the financial year.
Your Annual Income Is ₹950,000, And You Incur Child Tuition.
This article helps you understand.
Tuition And Fees Deduction 2025 Images References :
The Following Are The Eligibility Criteria For Claiming Tuition Fee Tax Deduction Under Section 80C Of The Income Tax Act, 1961:
The cost of attendance (coa).
Here Is How You Can Claim This Tax Benefit Under.
An individual is eligible to claim a tax deduction for tuition fees paid to any university, college or other educational institution in india for two children.