Under Section 10(14), salaried taxpayers can claim deductions for children’s education allowance. (Source: Pxhere) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The rising cost of school fees and other education costs could be a significant financial burden for parents. It’s also a long-term financial commitment for parents to secure the academic future of their children. To ease the burden and promote the education of children, the government offers several tax benefits to parents on the expenses towards their children's education expenses.

Under various sections of the Income Tax Act, 1961, salaried taxpayers can claim tax benefits for the children's education allowance. Additional benefits on payments towards tuition fees can also be claimed by both salaried and non-

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