Auto Income Tax Preparation Excel Based Software All in One for the West Bengal Government Employees for the F.Y.2020-21 With Tax Exemption for Education Fees Paid U/s 80C – Eligibility
Deduction for Education Fees Paid u/s 80c. Section 80C of
personal expense act permits deduction in respect of numerous payments and
ventures made. Section 80C permits a deduction for payment of Instruction Fees
paid for the Training of Children. Any person who has paid Training Fees for his
Children are permitted to guarantee this deduction under Section 80C. As of late,
we give Total subtleties to Do NRIs need to record Return of pay in India?.
(1) It's accessible to people as it were
(2) Every single other individual with the exception
of people are ineligible for this deduction.
Greatest permissible:
under this section, the deduction is accessible for
education costs
paid on two children instruction. On the off chance that The assessee
has more, at that point two children then he can guarantee education
costs paid of just two children.
Accessible to each parent:
This deduction is accessible to both, father and
mother of the children for whose training the payment is made. Them two can
guarantee deduction under this head.
Qualified Payments:
Fees paid in respect of
following just will be permitted as a deduction :
• Play
school fees
• pre
nursery fees
• Nursery
class and higher classes fees
• University,
school or other instructive foundation fees.
Payments ineligible:
Payments made in respect of
following are not qualified for deduction u/s 80C :
• Any
Low maintenance courses
• Fees
for Instructing classes or private educational costs
• Fees
for Separation courses
• Donation
to an instructive foundation for getting any confirmation and so on
• Hostel
fees of the children.
• Any
the sum paid in respect of punishment for the delay in paying the normal fees.
• Payment
made in respect of self-training/for a companion isn't qualified for the deduction.
This isn't a debilitating
rundown.
This deduction towards payment for educational cost/training of children is qualified on payment premise. Irrespective of the
scholastic year for which you have paid the fees, a deduction is reasonable on
payment premise as it were.
Most extreme deduction:
Deduction for the payments made as education costs is
dependent upon in general restriction of 1.5 lakhs.
Some different focuses to be
known:
(1) College, school, school or other instructive
foundation must be arranged in India.
Be that as it may, it tends to be subsidiary to any unfamiliar
college/foundation.
(2) The deduction can be guaranteed in respect of payment
made for the training of received children too. Section 80c is quiet about the
status of children.
(3) When guardians got separated and children are
with both of the guardians then the deduction can be profited by the parent who
pays the fees.
Feature of this Excel
Utility:-
1) This
Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly.
2) This
Excel Utility has the all amended Income Tax Section as per Budget 2020
3)
Automated Calculation Income Tax House Rent Exemption U/s 10(13A)
4)
Individual Salary Structure as per the West Bengal
Govt. Employees Salary Pattern as per ROPA-2019
5)
Individual Salary Sheet
6)
Individual Tax Computed Sheet
7)
Automated Income Tax Revised Form 16 Part A&B for the F.Y.2020-21
8)
Automated Income Tax Revised Form 16 Part B for the F.Y.2020-21
10)
Automatic Convert the amount into the in-words without any Excel Formula
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