CS Executive · Tax Laws and Practice · Deductions
Under the Income-tax Act, 2025 (applicable from the June 2027 session), tuition fees paid by an individual qualify for deduction under Schedule XV for full-time education of how many children, and what is excluded?
Tuition fees qualify for full-time education of any two children of the individual at an institution in India. Development fees, donations and similar payments are expressly excluded, so only the pure tuition fee component is deductible.
- AAny two children; development fees and donations are excludedCorrect
- BAny number of children; development fees are included
- COnly one child; donations are included
- DAny two children; development fees are included but donations are excluded
Explanation
Paragraph 1(q) of Schedule XV allows tuition fees paid to a university, college, school or other educational institution in India for full-time education of any two children. Development fees, donations and payments of similar nature are excluded. Option 3 is wrong because development fees are also excluded.
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