will i get tax rebate on tution fees of 1 lac pa which i pay to IIML for evening classes,pgdbm course?

Question

i have joined this course at noida campus last year,tution fees is about 1.05 lacs pa, under which section i will get income tax rebate. this course is a partime evening class offered by IIML noida campus

Answer 1

INCOME TAX REBATE ON TUITION FEES DEPENDS ON THE FOLLOWING TERMS AND CONDITIONS OF THE I.T.ACT.1961 WHICH ARE AS UNDER :
1 IT AVAILABLE FOR TUITION FEES PAID BY THE PARENTS FOR HIS/HER CHILDREN ( MAXI. TO 2 CHILDREN )
2. TOTAL OF ALL OTHER SAVINGS
LIKE NSC PURCHASE,NSC INTEREST REINVESTED,PPF,CPF,EPF,LIC PREMIUM,INCLUDING AMT. OF TUITION FEES FOR CHILD'S EDU.IS LIMITED TO RS. 1 LAC

Answer 2

You cannot get a rebate. The tution fee paid by you for yourself cannot be claimed as a rebate.

Answer 3

yet another concept: through fact Mormons tithe 10 % of their earnings, i contemplate whether Mittster's as much as velocity on his finished fee. If not, he must be in deep poop with the church. i will wager he's greater excited by the opinion of LDS elders than mere mortals like straightforward electorate. isn't he incredibly working for vp on the Jeb Bush value tag in 2016? he's merely getting call popularity this time around.

Answer 4

Payment of education expenses for self does not qualify for tax exemption