WebJun 15, 2024 · Taxpayers are normally aware of deduction under the Income Tax Act, 1961 for which they are eligible but it is noticed that taxpayers are found unaware of Taxability … WebApr 3, 2024 · Children Education Allowance Exemption Limit in Income Tax. Children Education Allowance (CEA): Rs. 100 per month per child up to maximum of two children; Hostel Subsidy (HS): Rs. 300 per month per child up to maximum of two children; under section 10 (14) read with Rule 2Bb(2)(5) of the Income Tax Act.
Children Education Allowance Deduction & Exemptions
WebRemarks. Education amount. Rs.2,250 per month. There will be a hike in the CEA as the Dearness Allowance (DA) increases. Hostel subsidy. Rs.6,750 per month. There will be a hike in the hostel subsidy as the Dearness Allowance (DA) increases. Currently, CEA is paid to students up to class 12. There are strong demands to extend this to Graduate ... WebJul 12, 2024 · Which among the following is/are correct with regard to Children Education allowance (CEA)? (A) The amount for reimbursement of Children Education allowance will be Rs.2250/- per month (fixed) per child. (B) Amount of Rs.2250/- is fixed irrespective of the actual expenses incurred by the Govt. Servant. to remake
Forms : CGA
WebJun 14, 2024 · The document includes brief introduction and tax treatment of various allowances and perquisites available to an employee, inter-alia, house rent allowance, gratuity, provident fund and so forth. Articles compiles List of benefits available to Salaried Persons for AY 2024-24 which includes 1. WebQuestion 11 Compute the amount of LTC Exemption in the following case with reference to the provision under Income- tax Act 1961: a) ... , Transport allowance 24, Children education allowance (500 x 12) **Less:** Exempt (100 x 2x 12) 6, 2, 3, ... Maximum allowance is Rs. 300 p. per child. Hostel expense allowance received = 380 x … WebOct 1, 2024 · A basic guideline is to pay $1 or $2 per age. For example, you might pay your ten-year-old $10 weekly, but your eight-year-old may only receive $8. How Much … to remove dog urine